China’s and the world largest bank takes control of Argentine institution

Monday, November 12th 2012 - 05:29 UTC

Full article 10 comments

Argentina has given approval for the Industrial and Commercial Bank of China to take control of the local operations of South Africa's Standard Bank following a 600 million dollars deal last year, the Chinese lender said on Sunday. Read full article

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Troy Tempest
Wow, China !!!
She better not screw around with THESE guys...
Nov 12th, 2012 - 06:31 am - Link - Report abuse 0
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LEPRecon
@1 -Troy

My thoughts exactly.

If CFK tries to steal from China the results won't be pleasant.

However, on the other hand, Argentina needs this kind of investment badly, and good luck to them.

Only a deluded meglamaniac would do something stupid like try to renationalise it once it starts making money...Oh... ;)
Nov 12th, 2012 - 07:06 am - Link - Report abuse 0
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Captain Poppy
I wonder what dialect the argentines will start learning?....Mandarin...Cantonese, Hakku, Wu and Min, Xiang and Gan and the main ones they should focus on.
Nov 12th, 2012 - 02:42 pm - Link - Report abuse 0
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Condorito
Cue: Darth Vader death march.

One of the good things about China encroaching on the USA’s turf, is that all those that have despised the USA’s hegemony are going to learn that the phrase “trabajar como Chino” actually means something.
Nov 12th, 2012 - 08:15 pm - Link - Report abuse 0
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Captain Poppy
True story.....a CHinese factory screwed up and a supply of tainted baby formula made it to the USA. A lot of baby's became very ill. It was traced back to the factory. It was lack of standards. On day one of the investigation they accused the plant manager, day 2 they convicted, day 3 they excuted with a single bullet throught the head. They will get all they want in the Chinese.
Nov 12th, 2012 - 09:23 pm - Link - Report abuse 0
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Troy Tempest
@Poppy

I remember that story.

Many many babies became ill in China.
Several died.

Formula was found to be contaminated with Melamine.

Factory was dealt with severely.

Meanwhile, the world is being flooded with Chinese counterfeit products and cheap copies.

Not only are the legitimate products and companies undermined, but unsafe goods are produced and sold to unknowing buyers.
Nov 12th, 2012 - 09:47 pm - Link - Report abuse 0
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briton
Argentina has sold her soul,
And will be duly punished,

Except CFK of course,
She will retire and leg it with her billions…
.
Nov 13th, 2012 - 12:07 am - Link - Report abuse 0
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Captain Poppy
Exactly Troy.....everyone flocked to China because of the lack of standards. They are slowly implementing modern and safety standards and that coupled with fuel shortages, China is no longer a hot spot. Too expensive to deal with, and the politics.
But the point is, China does not play when it comes to handing out penalties. Argentina has no idea what she did, but then she does not care, how much went into her personal pockets.
Nov 13th, 2012 - 01:21 am - Link - Report abuse 0
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British_Kirchnerist
#1 To play devils advocate, there is an element of Chinese culture that fears and reveres the “dragon lagy” =)
Nov 14th, 2012 - 10:50 pm - Link - Report abuse 0
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Captain Poppy
The dragon lady........is that what the Chinese are calling cuntina kirchner?
Nov 15th, 2012 - 12:43 am - Link - Report abuse 0
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