China and Banks

Looks like shortly we are going to get a better handle on the China markets. Starting with alternative energy, health devices and consummables and environmental products we are going to be working with a Chinese partner to offer experts on both sides of the pond to talk in these spaces. On a side note I talked to a banker last night who said after all the smoke and mirrors his bank is literally out of the auto and bank business. They were #3 or #4 in the state prior to last summer in both spaces. He said year over year they are doing a fraction(less than 10%) of what they did last year at this time. He was not including refinances which as he said"really distorts" total loan #s.