If we look only at the LFGV loan category, and generously assume that all of the new bad debt provisions applied to LGFV loans, the results are striking.

假设我们只看LFGV贷款条目，而且慷慨地认为所有LGFV贷款项目的规定同样适用新的坏账的话，这个结果也是非常惊人的。

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And a hard landing will soon cause LGFV defaults around the country, which will roil banks.

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No one, however, knows the true amount of LGFV indebtedness, and some have calculated the real amount to be more than double the official figure.

FORBES: How Can China Save Europe When It's Defaulting On Its Own Debt?

If we look only at the LFGV loan category, and generously assume that all of the new bad debt provisions applied to LGFV loans, the results are striking.

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