Financial Times FT.com

China’s dollar dilemma

By Geoff Dyer in Beijing

Published: February 22 2009 20:20 | Last updated: February 22 2009 20:20

China employmentGetty
Employment wanted: would-be workers set out signs describing their skills at a Chengdu jobs fair. Factories across China have shut in their thousands, prompting calls for domestic stimulus funds

The flotation of Blackstone in June 2007 has already gone down as one of the symbolic events in America’s financial bubble – the end-of-an-era deal when some of Wall Street’s savviest insiders decided to cash out.

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