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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June 2009

Japan’s banks open lending taps

Relatively untroubled by sub-prime losses and well-endowed with deposits, Japan’s banks are still enthusiastic lenders. But the bulk of their advances are still domestic – sometimes to potentially shaky borrowers. Will they expand further in lending in international markets? Chris Wright reports.



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