Free Market Philosophy Embraced By China
This is from the May 3rd edition of the Washington Post:
"You lose money, you jump out the window, too bad. It's your problem," said Vincent Chan, head of China research for Credit Suisse. "For any market to grow, this is something the government should realize: At the end of the day it's the investors who bear the responsibility of the investment, not other people."
Perhaps somebody at Credit Suisse should give Mr. Chan a few lessons in public relations.