Goldman's China Controversy
Jun 11, 2010
Goldman Sachs isn't just coming under fire in the U.S. The investment bank is also increasingly taking heat here in China. Goldman has spent years building up its operations in China, becoming possibly the most successful Western financial firm here.
But in recent weeks the firm has been coming under fire from the Chinese press.
A story in the state-owned China Youth Daily went so far as to criticize the bank as a "black hand" that "played little tricks carefully designed to gamble with Chinese enterprises."
Tags: Goldman Sachs,investment bank,Chinese press