The truth about Asian investment banking
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?

May 2005

Purcell taken to the cleaners


Poor old Philip Purcell is a man besieged on all sides. Last month, London theatregoers heading to the Old Vic to see Kevin Spacey perform in National Anthems, a parable of American materialism, found placard-waving demonstrators demanding a better deal from Morgan Stanley for its office cleaners at Canary Wharf. The cleaners...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today