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GM Stocks, anyone? November 19, 2010

Posted by hslu in China, Economics, Global Affair.
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Well, the Chinese government likes it because 18% of the GM IPO were bought by them.

At $35 a share, the IPO generated about $20 billion and the Chinese government’s share was $3.6 billion, about 13% of of US’s trade deficit with China in August, 2010.

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