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LatestChina banks face increased bad loans due to rising rates, stronger yuan – AFX News
From AFX News via Forbes.com:
China’s banking industry faces the prospect of a significant increase in bad loans, if interest rates rise rapidly and the value of the yuan, ratings
Don’t Bank on China – Gary J. Schmitt and Jared Feiger
From The Weekly Standard, via American Enterprise Institute:
Early last month, the accounting firm of Ernst and Young released a report concluding that the “nonperforming”
E&Y probe after withdrawal of China NPL report – Richard McGregor and Barney Jopson
From the Financial Times (link)
Paul Ostling, global chief operating officer of Ernst & Young, has ordered an internal inquiry into the accountancy firm’s publication
Ernst & Young withdraws China NPL report – Richard McGregor
From the Financial Times (link)
Ernst & Young, the accountancy firm, has withdrawn a controversial report on China’s non-performing loans, saying its estimate of bad
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