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?

EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

November 2006

Overseas investments: India makes its presence felt


Tata Steel’s bid for Corus is at the vanguard of corporate India buying cross-border assets.


India Inc is on the march. Last month’s bid by Tata Steel to buy the UK’s Corus Group for £4.3 billion ($8 billion) is the latest and most high-profile example of a company from the subcontinent attempting to gobble up assets in the developed world. While financial commentators have been transfixed by similar moves from Chinese, Middle Eastern and even Russian firms, most have ignored Indian companies’ advances. That will no longer be true after the Tata...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today