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?

The money network:

The money network:

Why crowdfunding threatens traditional bank lending

September 1998

Keith Horn, Merrill Lynch



Different ways to skin a cat

The first thing to notice about Keith Horn is his giant cufflinks. They are shaped like old-fashioned taps with "Barber Wilson's, London 1905" written on them. One says "hot", the other "cold".

A birthday present from his sister, Horn says that no item of clothing has ever received so much attention. But do they turn on the deals? "It's not as...


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