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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March 1999

Cleaning up in the markets



"Clear your desk!" They're terrifying words in most offices. But if you work for ABN Amro, fear not. It's just part of the bank's "clean desk campaign".

An internal memo from the bank's head office warmly reminds staff of their household chores and then says: "Unfortunately, we don't always think about what could happen if...


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