China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

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August 2005

Corporate finance market round-up



Most surprising acquisition of the month

A number of large healthcare deals were announced over the month. UnitedHealth Group of the US agreed to acquire compatriot Pacificare Health Systems for $8.1 billion and Netherlands-based publisher VNU announced it was buying US health data company IMS Health for $7 billion.

But the strangest...


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