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

September 2008

Commodities: Remission not cure


Commodity prices will need to go higher again to prompt consumer and producer actions that bring them down.


Commodity prices have come down dramatically from their peak earlier this year. Oil, which threatened $150 a barrel, had plummeted well below $100 at the time of writing. Gold showed few signs of coming close to retouching its $1,000 an ounce highs of the spring.

Although other factors such as speculation-driven overshooting...


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