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General Motors used to funnel BILLIONS into....CHINA!!!
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[link to www.ft.com]
China: Futuristic yet fruitful
Published: April 28 2010 22:59
EXCERPT
Shanghai is about to host the biggest World Expo in history. It is the next act in a rebranding of China that began with the 2008 Beijing Olympics and gained in substance when China emerged from the global financial crisis virtually unscathed. The Shanghai Expo, for which Professor Wu is chief planner, opens tomorrow night and runs until October 31.
The cost is estimated at $55bn (£36bn, €42bn) – more than twice what Beijing spent on the Olympics. But if Shanghai’s city fathers are right, it will have an impact, on both Shanghai and China (not to mention on the future of the Expo model), for decades to come.
Kevin Wale, head of General Motors in China, one of Shanghai Expo’s biggest corporate sponsors, calls it “the Olympics of technology”.
END EXCERPT
This event is $55 Billion, the GM bailout was $57.6 Billion.
Looks like GM got $2.6 Billion, and China got $55 Billion in...
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