Fancy Meals and Loans for Friends: China’s Banks Face Costly Cleanup

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Fancy Meals and Loans for Friends: China’s Banks Face Costly Cleanup
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Warning signs for China’s smaller banks: The country’s growth rate is down by more than half from its peak a decade ago, nonperforming loans have expanded and the government is reining in risk.

After years of lax oversight, the smaller banks that powered the country’s economic growth have racked up unsustainable bad debtsGiulia Marchi for The Wall Street Journal.

After years of lax oversight, the smaller banks that powered the country’s economic growth have racked up unsustainable bad debtsGiulia Marchi for The Wall Street Journal
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