bad loans

China Under Scrutiny In Kenya’s Presidential Election

Votes are currently being tallied for Tuesday’s presidential election in Kenya, in which relations with China comprised a major campaign theme. The two main candidates, former deputy president William Ruto and former prime...

CDT Money: Credit Where Credit Is Due

A key measure of Chinese manufacturing activity edged into positive territory last week, as the official Purchasing Managers Index (PMI) rose from a September level of 49.8 to 50.2 for October. The expansionary figure represents...

CDT Money: More Signs of a Slowdown

Despite suggestions last week that the yuan exchange rate had reached equilibrium and hints of possible liberalization in its trading range, officials at the People’s Bank of China set the yuan’s U.S. dollar...

China bank regulator warns state lenders – Samuel Shen

From Bloomberg News via the International Herald Tribune (link) China’s banking regulator has warned state-owned lenders, including Bank of China, for the second time in five months after discovering 750 million yuan of fraud related to bank bills. The amount is equivalent to $94 million. “Some banks and their branches are blindly developing bill business […]

China still vulnerable despite war on bad debt – Richard McGregor

From the Financial Times (link) At first glance, Beijing would appear to have tackled head-on the mountain of bad debt in its state banking system, debt which has built up over some 20 years since the government began opening the economy in the late 1970s. In 1999 the government established bad-debt disposal companies to sell […]

China bad loans may reach total of $900bn – Richard McGregor

From the Financial Times (link) China’s total liabilities for non-performing loans may be as high as $900bn, dwarfing official estimates and outstripping the country’s massive foreign exchange reserves, according to a study of Beijing’s bad debt problem. The study, part of Ernst & Young‘s annual global survey of NPLs, says China’s big four state banks […]



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