BEIJING( Reuters)-Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country's top banking and insurance watchdog said on Wednesday. Outstanding non-performing loans in the banking sector stood at 3.5 trillion yuan($ 540.79 billion) by end of June, an increase of 108.3 billion yuan from the beginning of the year, while the bad loan ratio declined to 1.86%, Liu Zhongrui, an official at the statisti
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2021-07-15 00:00:00.0
