Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

World Bank pledges $510 million to China

by Tony Sagami on October 26, 2008

in Asian Market, Stock Market in China

With $1.9 trillion dollars in the bank, China hardlyneeds any handouts. That is why I was surprised to read that the World Bank is going to give China $510 million for reconstruction of theSichuan earthquake back in May.

That is a fraction of the $147 BILLION that Chinaexpects to spend but they hardly need it.

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