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
James Marlay Livewire Markets

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)

economy China

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