The country’s ‘big four’ banks, including Industrial and Commercial Bank of China, are riding high on a surge in government infrastructure investment. Photo: Reuters
Stable earnings growth expected by mainland banks, but bad-loan worries linger
As Beijing pours more money into infrastructure, lenders reap the rewards, despite strains put on the economy by US trade dispute
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US-China trade war
The country’s ‘big four’ banks, including Industrial and Commercial Bank of China, are riding high on a surge in government infrastructure investment. Photo: Reuters