Beijing has channelled most bank lending in recent years into infrastructure projects. Photo: Reuters Beijing has channelled most bank lending in recent years into infrastructure projects. Photo: Reuters
Beijing has channelled most bank lending in recent years into infrastructure projects. Photo: Reuters

Party official warns of bank failures

Chance of a few small lenders collapsing next year 'very high', due to reliance on short-term borrowing to cover long-term investments

Beijing has channelled most bank lending in recent years into infrastructure projects. Photo: Reuters Beijing has channelled most bank lending in recent years into infrastructure projects. Photo: Reuters
Beijing has channelled most bank lending in recent years into infrastructure projects. Photo: Reuters
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