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China not ready to save the world, says SocGen

June 30, 2009  

From Aaron Pan

It may be the world’s fastest growing economy, but China’s overall influence on global trade is still relatively small, SocGen economists told a media briefing in Hong Kong today. So hopes that China will lead the world out of recession are misplaced, they point out.

Stop dreaming: China is not going to save the world and replace the US as the driver of global growth anytime soon, stress economists at Société Générale.

Despite the fact that the world’s fastest-growing major economy posted GDP growth of...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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