Goldman Sachs PR issues have been intense here in the United States. Unfortunately, these issues are now spreading to China, where a new book paints an unflattering picture of the financial giant. The title of the book Goldman Sachs Conspiracy sort of says it all.

"The first chapter, which declares that Goldman's 'ultimate goal is hunting and killing China'--sets the stage," notes one observer. "In a possible, but failed, attempt to outdo Matt Taibbi and his vampire squid, Chapter 1 concludes in part with the author saying the company 'has the IQ of an Israeli Shar Pei Dog and the cruel nature of a Manchurian Tiger ... ' To Taibbi's credit, the book's cover does refer to Goldman as 'bloodsucking,' " he adds.

It may be that Chinese notions of rhetoric are not quite what we're accustomed to. The author told Forbe that the phrase was inserted by the publisher without his knowledge. Still, this sort of Western bank bashing has risen to unfortunate extremes and become a popular genre in the country.

The author wrote a previous book called, Eliminate All Competitors-How Goldman Sachs Wins Over the World. This is truly sad. What's needed is rational economic talk, not nationalistic sensationalism.

For more:
- here's a Forbes article

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