Mexican billionaire says China should lead crisis rescue

Mexican billionaire says China should lead crisis rescue
MEXICO CITY (AFP) -

Mexican tycoon Carlos Slim, one of the world's richest men, said Tuesday that China should lead rescue efforts for the US financial crisis, and that worldwide stock markets needed better rules.

"China is now the most important country to help responsibly in this crisis," Slim told journalists at a meeting in Mexico City.

"China has great liquidity, large resources, surpluses in its current accounts and a lot of capital flow," he said.

ca.news.yahoo.com...

china lost a lot of its forex in this crisis.those incompetent financial officials should be fired and even punished.

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[edit on 30/9/2008 by Mirthful Me]

That's doubtful. Asia depends too much on America. There's a limit to everything. There's a limit to how much you can buy from overseas without working your fatass. Americans will soon have to shape up and prepare to live like third worlders.