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Why crowdfunding threatens traditional bank lending
Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?
August 2005
Revolutionary. Charismatic leader. Firebrand anti-capitalist. Hugo Chávez is a man of many talents. But fund manager and lender of last resort? Absolutely, if his decision to create a Latin American debt fund is anything to go by, especially if...
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