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

Liquid real estate Issue 05

Dongtan: China firms up eco-city proposal


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On January 19, UK prime minister Gordon Brown and Shanghai mayor Han Zheng watched the signing of a landmark memorandum of understanding in Shanghai. At stake is a model for building eco-cities in China: a step to bring environmental sustainability to the country that arguably presents the gravest threat of all to the local and global environment.

The focus of this ideal is a place called Dongtan, which sits on Chongming Island in the mouth of the Yangtze river near Shanghai. Here, the Shanghai Industrial Investment Corporation (SIIC), Arup, HSBC and Sustainable Development Capital (SDCL) have agreed a partnership to work out how such a city can be planned, funded and built – not just in Dongtan,...


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