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

February 2003

Deals of the year: Western Europe



Central & Eastern Europe        Asia        Latin America        North America It was hardly an auspicious start to a relationship between a German company and its UK target. When executives of UK energy group Innogy arrived at Heathrow airport to meet their counterparts from the German utilities firm RWE they found they'd been assigned a meeting room named after World War II RAF fighter-pilot hero Douglas Bader. It could have been an ice-breaker but did the executives see the joke? "Er, not really," confesses one of the bankers involved in the transaction. What made matters worse was that high winds delayed the aircraft carrying...


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