Only $18billion loan to all chinese solar manufacturers
Accoding to today's NYT report.
Compare that to Bernanke's $85billion/mo in QE unlimited & whoknows how long to buy US worthless securities. If chinese government just spend one time $85 billion to buy solar inventory & solve their polution problems, wouldn't many chinese green companies benefit & be saved from potential bankruptcies?
Instead of only $18billion loan, if the bailout in form of buying panels were $85billion, it would be good for the solar industry & chinese envirornment also. Seems most countries (US, Europe, Japan) are printing money (QE, LTRO,etc) and using it to bail out their ailing industries, chinese fed probably should start doing the same.