business

World Bank removes critical section from China report

13 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© 2015 AFP

©2024 GPlusMedia Inc.

13 Comments
Login to comment

World Bank removes critical section from China report

Wimps.

3 ( +7 / -4 )

Chinese government and money at work. Re-writing everything to their advantage in their M.O.

1 ( +7 / -6 )

Was not properly vetted? OK. How about vetting it instead of removing it wholesale?

I am sure many of the things cited were correct, although it was harshly stated.

Reality is harsh but hard to come by when critiquing China.

6 ( +6 / -0 )

These things are very complicated. Has the US banking system reverted back to pre crash methods? We really do not know.

2 ( +3 / -1 )

Re-writing everything to their advantage in their M.O.

Seems to be a pattern in some Asian countries, re-writing and reinterpreting.

6 ( +6 / -0 )

"Financial reform" is another way pretending to do something while the CCP Elite stuff more cash into their pockets and buy Ferraris. Someone wake me up when there is actual reform....

3 ( +4 / -1 )

China will fall, they have no plans they just do things with out research. Its like trial and error with many errors.

0 ( +2 / -2 )

more access to foreign investors to the country’s capital markets; noted that the Chinese state exerts strong control over a majority of commercial bank assets, “making it an outlier by international standards”.

-Ahh, the same "international standards" they want AIIB to follow right? I have a feeling that this is what it ultimately is about. Good luck on that one Washington.

Btw @ CrazyJoe Your profile picture represents the most corrupt and most wasteful thing any government has probably spent money on.

1 ( +1 / -0 )

World bank just another US lapdog, same as IMF.

-1 ( +1 / -2 )

"The World Bank has removed a sharply critical portion from a recently released report on China’s economy that called for reform of its financial system, saying the section had not been adequately reviewed and that its wording was inappropriate."

That's why we need a new institution to balance out the biases, the AIIB. Soon or later, the AIIB will be a definitely more dominant institution than the WB.

-1 ( +1 / -2 )

Asian Banks mainly deal just within Asia. World Bank deals with the world. Both have their biases, just trading one bias over another. All banks are somebody's lapdog - anything that deals with money, that money has to come from somewhere (mainly people's taxes, so it's beholden to those people).

Anyhow, China's stock market has now gone crazy:

http://www.zerohedge.com/news/2015-07-02/chinese-stocks-are-collapsing-again-hitting-new-bear-market-lows

http://www.financialexpress.com/article/economy/chinas-stock-market-crash-may-derail-govts-economic-reforms/95309/

0 ( +1 / -1 )

Chick chick chick CHICKEN!!!

We really need to STOP kowtowing to China its making things worse!

0 ( +1 / -1 )

This makes it even more suspicious. Wouldn't invest a penny in China. No transparency of data to back any legitimate economic growth.

1 ( +2 / -1 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites