Friday, May 30
Today we were fortunate to ask questions about the China's financial industry and receive answers from people who work first hand in the field. I was most interested in hearing their opinion's of how America is dealing with the financial crisis. Since their banking system is controled by the government I wanted to know how they viewed the different bail outs. From what I could gather they first off think it is done in completely different contexts, since China has always had governmeent involvement. They basically viewed the bail outs as a way to control the financial industry. I wish that they would have gone into further detail on the comparisons of US's involvement using bail-outs and how the Chinese government is involved in everyday financing.