U.S. is doing a public hearing on the financial crisis. It will create a public relationship problem for large banks. Given it is an election year in U.S., I will not be surprised a levy will be put on large financial institutions. U.K.'s labour party's poll number has risen since it impose a 50% tax on bank bonus.
Google is going to exit from China. I think it is a bad strategy move for google. Google should sell 50% Google China to a partner in China. So it still has a foot in China while avoid all the nuances.
China is trying to cool down the real estate market and commodity market. Soft landing is not an easy job.
The market is weak and be cautious.
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