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?

EuromoneyFXNews.com

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May 2001

Smith & Wollensky Nasdaq special: Every crash has a medium-rare lining



Smith&Wollensky has come up with the ideal recipe for those bankers and investors who are still smarting, and who are feeling slightly less flush in the wallet department. Despite sounding like a boutique financial firm, Smith&Wollensky is in fact one of New York's premier steakhouses, oft frequented for lunch and dinner by all echelons of Wall Street. Starting last month the restaurant introduced its Nasdaq special. Until the end of August, on Friday lunchtimes only, diners will be offered not just the usual menu of rib-eyes, T-bones and other filling fayre,...


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