China Banks’ Bad Loans Rise for Fifth Quarter as Economy Weakens
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Chinese banks’ bad loans increased for a fifth straight quarter, the longest deterioration streak since the data became available in 2004, after the economy slowed.
Loans overdue for at least three months rose by 14.1 billion yuan ($2.3 billion) in the three months ended Dec. 31, to 492.9 billion yuan, the China Banking Regulatory Commission said in a statement on its website today. Bad loans rose most at mid-sized lenders and rural banks, the regulator said.