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 truth about Asian investment banking

January 2006

Russia: $30 billion for state coffers

by Kathryn Wells

Rash of strategic sales and IPOs planned.


Russian state coffers are set for a bumper 2006, as the government prepares to sell stakes in some of the largest state-owned companies.

Companies being prepared for sale include Rosneft, Vneshtorgbank, Gazprombank, Svyazinvest, Fesco and, possibly, Kamaz.

If deals are successfully completed, via a mixture of strategic sales and IPOs, state revenues could benefit by $30...


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