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?

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June 1999

Japan: A little help from my friends


An interesting document, which came into Euromoney's hands, maybe sheds some light on the furore in Japan about deals allegedly designed to defer losses over future reporting periods. David Shirreff reports


Two years ago a reliable source at a well-known institution faxed us a document. As it was difficult to verify its details, we felt it inappropriate to publish...


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