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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?

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September 2006

Singapore: New land of smiles


Move over Thailand. Singapore’s government has decided that, at least for the duration of September’s IMF/World Bank meetings, it will usurp its regional neighbour’s soubriquet, “the land of smiles”. In a speech in June, prime minister Lee Hsien Loong exhorted Singapore’s citizens to greet its estimated 16,000 visitors with “4 million smiles”, a...


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