Chinese investments abroad in 1998 were usd 590 million,now not 10 years later 75 billion usd.China has lots of money at hand:1500 billion usd and to spent.They are looking to hedge their dollar surplus.1) bying GOLD 2)Raw materials 3)cheap us banks (morgan stanley).4)Euros

The Industrial and commercial bank of China will lose 152 million US because of Lehman but has a cash position of 44 billion US.

The bank of China will lose 129 million US because of Lehman but has 69 billion US in cash.

From the 75 billion invested abroad only 1.6 billion USD is invested in US companies.(also because us gvmt regulations)They were and are very scared of chinese investments.Maybe times are changing.

Maybe NORONT should do a road show in the Far East.(sorry for repeating myself).

Japanese Nomura after taking over Lehman in Asia now also took over Lehmans activities in Europe and the Middle East.

After Warren Buffet took part in Goldman Sachs(+/- 5 billion us) now also JAPANESE Sumitomo is interested.

Hope this helps with putting things in perspective.

Greetings,

Inca