It doesn't stop amazing me how savvy China, nominally Communist China, has become at capitalism. Now this item adds to my amazement.
Bank of China Unfazed by SubprimeBank of China reported its net profit rose a better-than-expected 31% last year and said it halved its U.S. subprime exposure by the end of 2007 to $4.99 billion from figures first disclosed in August. ICBC said earnings leapt 65%.
Did better than the US majors.
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