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Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?
Reality bites
December 2008
"You may ask what there is to celebrate," said Hans Van Beeck to a decent-sized crowd of clients at Société Générale’s Beaujolais Nouveau party in Tokyo on October 20. Referring to the markets’ gloomy...
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