China's biggest banks tripled the amount of bad loans written off in the first half, cleaning up their books ahead of what may be a fresh wave of defaults

James Marlay

China's biggest banks tripled the amount of bad loans written off in the first half, cleaning up their books ahead of what may be a fresh wave of defaults. This is despite the recent solid 3rd quarter GDP figures. For those looking for a summary on the China debt write offs there is a reasonable summary on the following link. (VIEW LINK)


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