The truth about Asian investment banking
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?

November 2007

IMF-World Bank: Snakebite and Bok


They are serious events but the IMF-World Bank meetings always leave plenty of room for frivolities. Investment banks compete to lay on the most lavish parties. Huge amounts are spent to attract the great and the good.


Click on the receipt to enlarge

But what was the hottest ticket in Washington in the third weekend of October? For delegates from England and South Africa, the dates of the meeting presented a major problem. Both teams had reached the final of the rugby world cup. This presented two issues: first, the evening kick off...


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