‘Bad Bank’ Sees More Chinese Debt Souring as Economy Slows
The strains on Chinese banks could worsen should economic growth continue to ebb
A construction site and a residential building are reflected on the glass wall of a building in Beijing in this December 15, 2014, file photo. The manufacturing and property sectors are the two major sources of nonperforming loans, which are seen to rise as China’s economy slows. Photo: Reuters
Nov. 24, 2015 5:52 a.m. ET
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BEIJING—China’s slowing growth will lead to more bad loans on bank balance sheets, according to a new estimate from one of China’s official bad-loan buyers, putting further strains on the country’s financial system.
READ MORE: http://www.wsj.com/articles/bad-bank-sees-more-chinese-debt-souring-as-economy-slows-1448362344
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