Wall Street's long, dominant run is fading, global financiers say. SHANGHAI - Looking down from his building's 87th floor at the glittering signs of multinational banks along the river here, Fan Dizhao declared confidently that wallstreet`s reign as the world's No. 1 financial hub is coming to an end.
The United States may be grappling with its worst economic crisis since the Great Depression, but these are go-go days in China.
Venture capital, private equity and foreign direct investment are at all-time highs. Although Shanghai's stock exchange has lost close to two-thirds of its value this year, China's big banks have escaped the credit catastrophe largely unscathed, and the economy continues to expand briskly.More.
The United States may be grappling with its worst economic crisis since the Great Depression, but these are go-go days in China.
Venture capital, private equity and foreign direct investment are at all-time highs. Although Shanghai's stock exchange has lost close to two-thirds of its value this year, China's big banks have escaped the credit catastrophe largely unscathed, and the economy continues to expand briskly.More.
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