Foreign lending has been crucial for China's economic development, but the GITIC default left many foreign bankers wary of lending to Chinese enterprises and local institutions.
32.
Despite recent passage of a new law that allows commercial banks to diversify into insurance, factoring and foreign lending, most banks have taken a wait-and-see attitude.
33.
The program is also aimed to unlock vital foreign lending, without which Bulgaria is threatened by hyperinflation and default on its dlrs 10 billion foreign debt.
34.
Banks displayed the most confidence in China, where foreign lending grew to $ 63 . 1 billion, from $ 57 . 9 billion, between June and December.
35.
Many of those banks, unable to borrow dollars from domestic and foreign lending institutions, swarmed into the foreign exchange market in recent weeks, fueling a currency crisis.
36.
He promised to ask international creditors for sympathy to Argentina's plight, sounding confident despite the likelihood that substantial foreign lending will be denied for years to come.
37.
The bank has gotten out of businesses where it couldn't earn a high rate of return, including most foreign lending, loans to large corporations and trust management.
38.
Foreign lending accounts for a relatively small part of the overall economy, and analysts said the country's four main domestic banks could pick up much of the slack.
39.
So, as known, Germany was among the countries most severely affected by the great depression because its recovery and rationalization of major industries was financed by unsustainable foreign lending.
40.
The resultant collapse in prices and output worldwide forced sovereign borrowers to cut back on servicing their debts and then to default, precipitating a collapse of foreign lending in 1931.
