Monday, June 7, 2010

China: Goldman Is the Black Hand that Plays Dirty Little Tricks

China's state-controlled media rips Goldman Sachs.

“Many people believe Goldman Sachs, which goes around the Chinese market slurping gold and sucking silver, may have, using all kinds of deals, created even bigger losses for Chinese companies and investors than it did with its fraudulent actions in the US,” read the opening lines of an article in the China Youth Daily, a state-owned daily newspaper, last week.

According to FT, The article was widely distributed through commercial news portals and the websites of government mouthpiece Xinhua News and the People’s Daily, the Communist Party publication

At one point the article refers to Goldman as a “black hand” that “played little tricks carefully designed to gamble with Chinese enterprises

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