Economics
China Banks’ Bad Loans Rise for Sixth Quarter as Economy Slows
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Chinese banks’ bad loans increased for a sixth straight quarter, the longest deterioration streak in at least nine years, as economic growth slowed.
Non-performing loans climbed by 33.6 billion yuan ($5.5 billion) in the three months ended March 31, to 526.5 billion yuan, the China Banking Regulatory Commission said in a statement on its website today. Soured debt rose across all lender categories, including state-owned and regional banks.