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?

The money network:

The money network:

Why crowdfunding threatens traditional bank lending

June 2003

Consensus heads to Lima via Amazon

by Felix Salmon


Some bestsellers are expected. Number one on Amazon.com's list of the top-selling books in Latin America is Harry Potter and the Order of the Phoenix. Some are more of a surprise. At number five you'll find an anthology of dry economic prose entitled After the Washington Consensus: Restarting Growth and Reform in Latin America.

The book is a collection of policy prescriptions: it attempts to map out a route by which per capita GDP in Latin America could grow at 5% or so a year, rather than the present rate of roughly zero. It is edited by former...


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