China Bad Loans Rise for Third Straight Quarter as Economy Slows

China Bad Loans Rise for Third Straight Quarter as Economy Slows

Qilai Shen/Bloomberg

Pedestrians and shoppers walk down Wu Ma Jie, or Five Horses Street, in Wenzhou, Zhejiang Province, China. Most of the increase in bad loans came from the eastern Chinese province of Zhejiang, where soured debt rose by 26.8 billion yuan in the first half this year to 75.9 billion yuan by June, the Shanghai Securities News reported today, citing an unidentified banker.