Goldman Dumps Stock of Chinese Bank

In the past two years, Goldman has sold billions of shares of the Industrial and Commercial Bank of China. This causes bad publicity for China because its stocks will decline in value. China has a state-led economy and therefore the Chinese government is in control of all its expenses. In this way the fundamentals of the Chinese banks will never improve because the government doesn’t take the right measures.

Source: http://blogs.forbes.com/gordonchang/2010/10/01/goldman-dumps-stock-of-chinese-bank/

Celina Buyle