— It was not, perhaps, the news
investors in the world's largest
infrastructure project expected to
wake up to. But with immaculate
timing and without any hint of irony,
days after China launched its first
corporate bond issue, the government announced it had perhaps
sold off a potential chunk of debt
in an environmental time-bomb.
Investors can hardly be blamed for
accepting a relatively modest 5.35
percent annual return, nearly a full
percentage point above government bond rates and deemed as
"safer long term," but way below the
potential returns of the overheating
and ready-to-burst stock market's
100 percent bubble rise this year, on
top of a similar increase the last year...
Yangtse Dam: In Profit or Peril?
1 Oct 2007 by OOSKAnews Correspondent
BEIJING, China
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