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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?

January 2006

Less could mean more from EU regulators


Fewer new financial sector rules from the EC might sound like a welcome respite, but it is not the same thing as no new rules.


It’s hard to see how bankers can draw much comfort from the European Commission’s announcement in December that it is to issue fewer new rules over the next five years.

Fewer new rules might sound like a welcome respite but it is not the same thing as no new rules.

Not...


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