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 truth about Asian investment banking

October 2007

The business of love

A long-standing contact gets in touch with a Euromoney journalist via letter.


First, the hack is surprised to learn that said contact had left his former employer some months before.

Then he spies an invitation to attend a briefing and drinks party at a swish venue in the City of London for the firm he has become a partner in. "Come...


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