Skyline of the central business district from a park in Beijing on May 23. Photo: AFPSkyline of the central business district from a park in Beijing on May 23. Photo: AFP
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: AFPSkyline of the central business district from a park in Beijing on May 23. Photo: AFP
Skyline of the central business district from a park in Beijing on May 23. Photo: AFP
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