Skyline of the central business district from a park in Beijing on May 23. Photo: AFP
Chinese banks’ second-quarter profits tumble on decade-high bad loans
- Chinese banks’ profits fall 24 per cent in second quarter, as provisions rise for sour loans
- Non-performing loans rose to 1.94 per cent, a decade high, as borrowers’ struggle to repay amid coronavirus pandemic
Topic |
China economy
Skyline of the central business district from a park in Beijing on May 23. Photo: AFP