Chinese banks

China Banks Pull Out of Meetings in Japan

CDT previously reported on the possible economic strain from the Diaoyu Island dispute between China and Japan. As Chinese surveillance ships arrive in the region, the tensions between the two nations continue to escalate. The...

China Banks Post Record Profits as Rivals Stumble

Bloomberg reports that China’s largest banks posted impressive profits while their European and American counterparts posted losses: Industrial & Commercial Bank of China (601398) Ltd. posted a 29 percent increase in...

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