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 money network:

The money network:

Why crowdfunding threatens traditional bank lending

July 2006

Africa



Euromoney Awards for excellence 2006
Botswana
I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe

BEST BANK: Standard Chartered
BEST INVESTMENT BANK: JPMorgan
BEST BOND HOUSE: Citigroup
BEST EQUITY HOUSE: HSBC
BEST M&A HOUSE: Goldman Sachs
BEST LOANS HOUSE: Calyon
BEST AT PROJECT FINANCE : Standard Chartered

There are wide variations in sub-Saharan African economies. Although overall growth was about 5% in 2005, that figure masked significant differences – not least between oil-exporting countries and others. The growth in demand for minerals has also selectively benefited countries in the region. Overall, though, the outlook for the region is brighter than it has been for many years, with relatively low inflation, strong growth in trade, a higher number of democratically elected governments and fewer wars and civil conflicts than in previous decades.

Conditions...


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