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

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May 1999

Keep on running



Have you been wondering what, if anything, can cause bank stocks to fall? Last year's crisis managed to do it, but now it would appear to be little more than a temporary blip. And in the US at least, the first quarter of 1999 has been a profits bonanza for most of the banks, even for the likes of JP Morgan, which had been stuck in...


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