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Chinese banks could post flat or even falling profits in 2020 despite earnings growth in the first quarter, due to the coronavirus outbreak, the research bureau of the People's Bank of China (PBOC) said in an article published on Sunday.
China's banks need to further support the real economy which faces challenges due to the epidemic, in particular small and micro businesses, as there is some room for banks to surrender part of their profits, it said.
"As the difficulties experienced by the real economy gradually spill over to banks and due to . . .
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