Chain of bad debt in China comes from credit binging and banks were caught off-guard by its sheer volume. Photo: Emilio Rivera Chain of bad debt in China comes from credit binging and banks were caught off-guard by its sheer volume. Photo: Emilio Rivera
Chain of bad debt in China comes from credit binging and banks were caught off-guard by its sheer volume. Photo: Emilio Rivera

NPLs overwhelm Chinese lenders but state ‘bad banks’ look the other way

“The level of NPLs was really unexpected,” said Wilson Pang, a partner at KPMG in Hong Kong. “Banks don’t have a really good plan for how much they need to dispose and what the time table for that is”

Chain of bad debt in China comes from credit binging and banks were caught off-guard by its sheer volume. Photo: Emilio Rivera Chain of bad debt in China comes from credit binging and banks were caught off-guard by its sheer volume. Photo: Emilio Rivera
Chain of bad debt in China comes from credit binging and banks were caught off-guard by its sheer volume. Photo: Emilio Rivera
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