Chinese banks’ bad loans rose for a seventh straight quarter, extending the longest streak in at least nine years as the world’s second-largest economy continued slowing.
Non-performing loans climbed by 13 billion yuan ($2.1 billion) in the second quarter from the end of March, reaching 539.5 billion yuan, the China Banking Regulatory Commission said in a statement on its website today. Soured debt increased across all lender categories, including state-owned and regional banks.
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