New Public Management: Current Trends and Future Prospects

By Kate McLaughlin; Stephen P. Osborne et al. | Go to book overview
of their own lending decisions. In the end, however, Premier Zhu Rongji conceded, as the incident began to deal a severe blow to the credibility of China's SOEs and financial institutions. A loan of 38 billion yen (US$4.56 billion) was extended to the provincial government, which would enable the creditors to get back about seventy per cent of their loans.

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