November 15, 2012
WHICH IS WHY THERE'S SUCH DEMAND FOR OUR DEBT:
China's Bad Loans Rise for Fourth Quarter as Economy Slows (Bloomberg News, November 15, 2012)
Chinese banks' bad loans increased for a fourth straight quarter, the longest streak of deterioration since the data became available in 2004, highlighting pressures on profit growth as the economy weakens.Non-performing loans rose by 22.4 billion yuan ($3.6 billion) in the three months ended Sept. 30, to 478.8 billion yuan, the China Banking Regulatory Commission said in a statement on its website today. Bad loans increased at all types of institutions, including the largest state-owned lenders, rural banks and foreign banks, the regulator said.China's banking system is grappling with rising defaults and weaker loan demand after economic growth decelerated for a seventh quarter.
Posted by Orrin Judd at November 15, 2012 5:25 AM
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