China's banking sector will have to dispose 3.4 trillion yuan worth of non-performing loans (NPLs) in 2020, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), flagging a big risk for the banking system in the world’s second-largest economy.
The amount represents a nearly 50 per cent rise from 2.3 trillion yuan in 2019, shows official data, and the value of bad loans could be even higher . . .
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