|Cloud, Digital, SaaS, Enterprise 2.0, Enterprise Software, CIO, Social Media, Mobility, Trends, Markets, Thoughts, Technologies, Outsourcing|
Linkedin Facebook Twitter Google Profile
Monday, March 01, 2004Beijing is making smart moves, but bad loans are still a big problem The big question: Why have the Chinese suddenly decided to put the pedal to the metal? The answer is part comforting, part scary. The comforting part: Authorities seem genuinely determined to create a real financial system, one that raises capital efficiently and directs it to the best companies. The scary part: The renewed focus on finance is an indication that Beijing believes the country's problems with dud loans and ballooning credit are getting out of control -- and is frantically trying to fix things before it's too late.
|Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld