Believers in China's banking system will say this not only fills the capital hole but creates room for yet more growth ahead.
ECONOMIST: Chinese banks
With new capital rules looming, and China's banking system grappling with slowing profit growth and the potential for more bad loans, the ICBC sale appeared inevitable, they said.
WSJ: Goldman Sachs Selling ICBC Stake
Insofar as the world depends on China's growth, the state of the Chinese banking system is the world's problem.
FORBES: Magazine Article
The company is banking on the pell-mell construction of China's highway system.
China's economy is protected by its current-account surplus and vast reserves, but its banking system would be hurt by an abrupt withdrawal.
ECONOMIST: Capital inflows to China
China's fiscal position is generally strong, and it's managed to avoid too much damage to its banking system.
NPR: Asian Markets React To Wall Street's Carnage
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