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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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June 1997

Borrowers: The privatized French treasurer



Borrowers: Borrowers start to play a strategic game  Company-at-risk How they do it French treasurers have a reputation for being more adventurous in derivatives than their counterparts elsewhere in Europe. If that was so in the early 1990s it is less so...


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