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?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

June 2007

Turkmenistan: Russia scores winner with gas


The latest chapter in the Great Game saga has been opened with a landmark agreement to build a gas pipeline linking Turkmenistan with Russia. The accord is widely seen as a blow to the interests of US and western Europe, which had hoped that Turkmen gas would be channelled through a western-backed trans-Caspian Sea pipeline that would bypass Russia.

The agreement was signed by Russian president Vladimir Putin, Kazakh president Nursultan Nazarbaev and Turkmen president Gurbanguly Berdymukhammedov in mid-May in the port...


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