Bad Loan Problem Spreading across Country, Banker Says
(Wenzhou) – The resurgence of bad loans is not only a regional issue but a national problem, an executive at a joint-stock bank says.
The ratio of all but two commercial banks' non-performing loans (NPLs) to small and medium-sized enterprises hit 2 percent, he said. The exceptions were China Minsheng Bank and Shenzhen Development Bank.
Ratings agency Standard & Poor's estimates that the figure will increase by two to three percentage points this year as the economic slowdown weighs on corporate balance sheets.
- Black Holes
- Mecca: The Sacred City
- Graphics: China's Overworked Workers
- Capital's Gov't Says Subway Fares Will Double Starting December
- Despite Minor Disputes, Ties with China Best in History, German Envoy Says
- "Happiest People"
- Wal-Mart Says It Has Laid Off 28 Managers, 90 Others
- Robot Waiter
- Nanning Stabbings
- Another Brother in Prominent Shanxi Family Is Target of Graft Investigation
- Sign up to receive our free daily newsletter
- The Low Official Found with Towering Pile of Cash, Gold and Properties
- Clearing the Air with a Sino-U.S. Climate Pact
- At Factory Waste Ponds, Fumes Choke Fantasies
- Justin Lin Ignores Population Factor with Growth Predictions
- Canceled Mexican Rail Contract Gives Chinese Firms Chance to Reflect
- Websites Offering Subtitles for Foreign TV Shows, Movies Shut Down
- China Needs All-Out Effort to Meet Emissions Goals, Experts Say
- A Passage to India
- Court to Rehear 1996 Murder Case that Ended with Suspect's Execution
- Scientists Issue Warning over Development of Coastal Wetlands