By the editor | September 26, 2008 - 4:59 pm
Posted in Category:
Front Page, Money
BEIJING, Sept 25 (Reuters) – Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
What Chinese domestic banks have lent to American banks is nothing compare to what China’s central bank is lending to the US everyday. Besides, it is a little late to stop lending to US Banks.
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