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Billionaire Wilbur Ross Likes the Look of Chinese Bad Loans

  • Ross’s interest comes as Moody’s sees no crisis in near term
  • Bank of China, China Merchants selling bad-loan securities
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Ross: Renminbi Is Overvalued, Not Undervalued

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U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term.

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