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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September 1998

Country risk: How the mighty are falling


It's a measure of the turmoil in world markets that not a single bank was at first prepared to supply the forfaiting rates used by Euromoney in its calculation of these country-risk rankings. So fast were things changing that even these usually stable indicators became too volatile. Banks supplied them on request on a day-by-day basis to clients an indication of how difficult trade finance, the lubricant of the real economy, was becoming.


For historical country risk data please visit the Euromoney Country risk website

Country risk: Country risk revisited Country risk: Reasons for big changes Country risk: Methodology The story of this year's table is Russia. The former superpower drops below even non-reformist ex-Soviet republics such as Uzbekistan, below Tajikistan, Pakistan and Kazakhstan....

More information on country risk


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