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Bad debt of China's banks mounts by 22 pc
Updated : 5 years, 1 month ago IST
Hong Kong, April 11 (ANI): As China has recorded the lowest economic growth in four decades in the year 2020, the non-performing debt at its four biggest banks swells 22 per cent last year, with the balance set to skyrocket this year if state-mandated loan extensions expire.
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China's regional banks approaching surge of non performing debt
Updated : 5 years, 2 months ago IST
Beijing [China], March 25 (ANI): China's small regional banks are rapidly approaching a surge of non-performing debt that threatens to undermine the financial health of vulnerable lenders.
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