China’s bad debt mountain

Take a look at one of the biggest threats to China’s financial stability

China’s bad debt mountain

China’s rapid economic expansion has led to a number of side effects. One of them is the soaring bad debt brought about by Beijing’s massive lending to stimulate growth.

China’s non-performing loan balance hit the highest level in 10 years after jumping to Rmb1.27 trillion $195 billion as of the end of last year, according to official data released by the China Banking Regulatory Commission.

However there is debate over the actual...

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