Chinese Banks and Non-performing Loans
Recent statistics show that the non-performing loans (NPLs) from Chinese banks are much bigger than previously thought. According to accountancy firm Ernst & Young, Chinese bank loans that are in default, or close to being in default, have now reached US$911bn, including US$225bn in potential future bad loans from the big four state-owned banks. This contrasts with figures published this month from...
http://www.gtnews.com/feature/140_1.cfm
Recent statistics show that the non-performing loans (NPLs) from Chinese banks are much bigger than previously thought. According to accountancy firm Ernst & Young, Chinese bank loans that are in default, or close to being in default, have now reached US$911bn, including US$225bn in potential future bad loans from the big four state-owned banks. This contrasts with figures published this month from...
http://www.gtnews.com/feature/140_1.cfm
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