Asia - China's $1.7 trillion hangover - Outstanding bank lending to local government financing vehicles has reached an estimated $1.7 trillion. Up to 40% of the loans are at high risk of default. So what's a panicking Beijing to do? Force the market to pay for the state's mistakes, of course
Year of publication: |
2012
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Authors: | Wilson, Elliot |
Published in: |
Euromoney. - London : Euromoney Publ, ISSN 0014-2433, ZDB-ID 1902325. - 2012, p. 60-66
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