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?

EuromoneyFXNews.com

EuromoneyFXNews.com

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June 2009

Fiscal policy: Time for a new economic philosophy


Governments should cede control of fiscal policy.


It is time for us to thank the great men and women who made the world economy and financial markets grow over the 40 years since Euromoney began. It is time also to admit that such rapid growth will not be repeated unless we shift from the prevailing policies of governments. We need a new economic philosophy.

Broad fiscal...


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