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

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September 2011

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Keep your head down



On a recent trip across London, one Euromoney journalist discovered an advert for a game in a booth on the banks of the Thames. The name of the game? Whack-a-Banker. Although the booth was closed, preventing a trial run at the game in the name of research, it is to be hoped that the (presumably three-armed, if the picture is to be believed) assailant depicted on its shutters is not in fact loose in the Square Mile.








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