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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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June 2004
by Katie Martin
If you ask a trader to explain the emotional relationship he has with his positions, you will usually be met with a gruff rebuff.
But one brave academic, Nigel Nicholson, has carried out an extensive study based...
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