Sunday, October 26, 2008

China Construction bank in profit

In amidst all the banking gloom at least one bank is up. China Construction Bank (CCB), the country's third-largest lender made a profit in the third quarter.
CCB's net profits grew 11.95 percent to 25.6 billion yuan ($3.74 billion) from July-September.
Of course the next quarter is critical...but at least the figures coming out of China are more transparent now than the ones out of Wall St and Fleet St etc etc.
The West screwed us!!! Watch China and Australia will benefit!!

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