Expanding Corporate Debt In China Could Cost Banks $1.7 trillion

debtThe ratio of problem credit to total credit facing China's banks could triple to 17% by 2020, and banks may need to raise fresh capital of up to RMB11.3 trillion (US$1.7 trillion) if the growth of China's corporate debt does not slow, according to a report released by Standard & Poor's Global Ratings. The amount […]

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