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

Stressing a point

Research released in mid-October came to the far-from-shocking conclusion that two in five of workers in the UK’s financial services sector are stressed.


Authors Badenoch & Clark helpfully point out that this represents 45% of the total workforce – and add that 34% of these are often stressed, while 11% are always stressed.

Closer examination of the figures is slightly...


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