The People's Bank of China says it will be more tolerant of sour bank loans which have been affected by the coronavirus outbreak. Photo: Bloomberg

Coronavirus: Chinese banks face test as bad debts tipped to rise while economic growth tumbles

  • China may be forced to scale back its deleveraging campaign if it wants to maintain economic momentum amid the ongoing coronavirus outbreak
  • A recent stress test by China’s central bank showed 17 of 30 local banks would fail to meet their capital adequacy ratio if growth slowed to 4.15 per cent
Topic |   Coronavirus outbreak

TOP PICKS

The People's Bank of China says it will be more tolerant of sour bank loans which have been affected by the coronavirus outbreak. Photo: Bloomberg
READ FULL ARTICLE