> The chinese are the last people on earth to spend a dime on anything unless they are convinced.
Hmm. How about this:
May 21st 2007 : China's new state investment agency is taking a $3 billion stake in U.S. private equity firm The Blackstone Group, a sign of Beijing's eagerness to get a higher return on its hoard of currency reserves.
August 2nd 2007: Blackstone shares have fallen steeply since the company went public June 22, pushing down the value of the government's investment by more than $500 million in just six weeks.
SOI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
