On 16 July 2013 our weekly lunch at Kempinski had on its program a book talk.
In “China’s Superbank”, authors Henry Sanderson and Michael Forsythe, both Bloomberg journalists working in Beijing, are inside the engine-room of China’s economic growth, the China Development Bank. Anyone wanting a primer on the secret of China’s economic success need look no further than China Development Bank (CDB), which has displaced the World Bank as the world’s biggest development bank, lending billions to countries around the globe to further Chinese policy goals.

In their presentation Henry Sanderson and Michael Forsythe outlined how the bank is at the center of China’s domestic economic growth and how it is helping to expand China’s influence in strategically important overseas markets.
Henry Sanderson is a Bloomberg reporter and co-author of ‘China’s Superbank: Debt, Oil and Influence – How China Development Bank is Rewriting the Rules of Finance’
Henry Sanderson has been a Beijing-based reporter for Bloomberg News since April 2010. Prior to that, he was a reporter for the Associated Press in Beijing and Dow Jones in New York. He is a graduate of the University of Leeds (with a bachelor’s in Chinese and English literature) and Columbia University (with a master’s in East Asian Studies).
In my book “Toxic Capitalism” I mention in detail China’s strategies, successes and failures to get hold on the much needed resources such as oil, gas, minerals, food as they function as “the factory of the world”. CDB is mentioned but is not my focus in the book. Our consulting company is involved in some projects abroad where CDB is the potential financing source.
We also had the pleasure of seeing again Rotarian Norton, our Brazilian friend.
I am now back again as the official Sergeant-at-Arms after being the permanent standby in the recent years…

Talking about finance: option trading