Is China about to bail out Dubai?

Dubai convulsed capital markets around the world on November 25 as a botched announcement intended to be buried over local and US holidays unnerved investors. It also highlighted the fragile nature of global markets. Moreover, Dubai has set itself up as potential rich pickings for distressed debt market investors

However, Dubai is known for its capacity to bounce back from the brink. Is there a sovereign white knight about to ride to its rescue?.....

(Comment from myself, Rupert, the aggregator of this blog.
I disagree wholeheartedly with this article, I quote:

"Enter China flush with massive currency reserves and an almost inexhaustible demand for oil and related products."

Oil share of Dubai GDP is around 5%, it is Abu Dhabi Emirate that has 95% of UAE oil reserves. It is not Abu Dhabi, the owner of ADIA, or UAE that faces difficulties, it is Dubai.


Also the "GLG expert contributor" appears to know very little of Sovereign pride, let alone Arabic pride!END)