Rothschilds rejected in China

The article below describes it very diplomatic but actually the Chinese are paranoid then it comes to the influence of Jewish bankers. One of the most popular books in China describes them as an evil force which wants to undermine the Chinese state. Its interesting to see that they went so far but on the other hand its a Chinese technique to gather as much information as they can and taking Goldman the leader in was a calculated risk they took to learn as much as possible from them. Therefor the good relations Paulson was claimed to have as the Goldman CEO was completely overrated - rather the opposite very demand of him was handled with big scepticism.

Bank of China Drops Rothschild Deal After Deadline

April 2 (Bloomberg) -- Bank of China Ltd., the world’s third-largest by market value, scrapped a 236 million-euro ($313 million) investment in La Compagnie Financiere Edmond De Rothschild after failing to gain Chinese government approval.

“The agreement has expired and has automatically become invalid,” Bank of China spokesman Wang Zhaowen said in a telephone interview from Beijing, after a second deadline for state approval expired yesterday. “We may in the future seek cooperation in other areas” with the French firm.

China’s government has tightened scrutiny of overseas investments by the nation’s financial companies following losses on stakes in Barclays Plc, Blackstone Group LP and Morgan Stanley. Premier Wen Jiabao last month called for U.S. assurances that the nation’s investment in Treasuries is safe.

“The regulators continue to be very cautious with acquisitions of Western financial institutions,” said May Yan, a Hong Kong-based analyst at Nomura International HK Ltd. “It’s more likely for Bank of China to complete deals in Asia and emerging markets, which are less affected by the crisis.”