The arrangement between Bear and China Construction Bank would eliminate the need for a capital outlay on Bear's part, thus no problems with repatriating earnings in the future.
Some may have recalled the trek that Bear Stearns made to China in the months before the bank imploded.
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They, and not the foreign media, bear the main responsibility for conveying China's public opinion and acting as a watchdog on its government.
Recent reports from three lobbies for foreign businesses, the American Chamber of Commerce in Shanghai, the European Chamber of Commerce in China and the US-China Business Council, bear out this gloomy view.
Shimao Group is building five-star hotels that will bear the names of big chains and is boosting China sales through overseas sales partners.
Another hole is styled after China's favorite animal, the panda bear.
China has a bulge of working adults now, but will bear a heavy burden of retired people after 2050.
Nonetheless the core question for China will remain what influence it will seek to bring to bear on the future evolution of the global rules-based order itself.
In point of fact, viewed in terms of trade in goods and services, these are the nations that bear most on the U.S.: Canada, Mexico, Japan, China, the U.K. and Germany.
It would also be a great way to gain access to China Construction Bank's list of commercial banking customers, to which Bear could sell an array of banking, custody and other services, including underwriting stock offerings.
If Mexico had a strong and stable currency policy, writes Bear Stearns chief global economist David Malpass in a March report, its growth would rival China's.
Trone says he met with Bear Stearns Chief Executive JamesCayneJames Cayne last week, and Cayne indicated that although he saw China as an opportunity, there were plenty of risks to consider.
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