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Reality bites
Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?
March 2005
by Mark Brown
Khathar hunnu bhanda marhu ramro. Or in English: "It is better to die than live a coward." That's the motto of the Brigade of Gurkhas, as London financial sector workers are about to find out.
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