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Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?
Why crowdfunding threatens traditional bank lending
August 2006
by Chris Leahy
Complacency can lead to extinction according to Goldman Sachs’s key principles. The extent to which its bankers take that tenet to heart was amply demonstrated at Euromoney’s inaugural Asia...
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