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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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December 2007

Goldman gets down to brass tacks

Spotted in India: Goldman Sachs’s chairman and CEO, Lloyd Blankfein, enjoying the festivities at a party in New Delhi hosted by Azim Premji, the silver-haired chief of one of the subcontinent’s biggest IT firms, Wipro.


The hyperactive Blankfein kept hopping back and forth, trying to get his BlackBerry to work, finally deciding to slip away from the party after realizing that no one particularly interesting was going to arrive.

Another of...


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