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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?

April 2005

Positive verdict on Wolfensohn

by Mark Brown


Paul Wolfowitz's controversial nomination as World Bank president is overshadowing valedictory verdicts on James Wolfensohn's 10 years in the role.

Redressing the balance is The World's Banker, an entertaining review of the Wolfensohn decade written by financial journalist Sebastian Mallaby.

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