New normal

Bad debt mounting at China's big banks

Bank of China Chairman Tian Guoli speaks at a news conference.

YASUO AWAI, Nikkei staff writer

HONG KONG -- The days of double-digit growth at state-owned Chinese banks seem to be ending as the economy decelerates and nonperforming loans proliferate. Top four players Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China reported a ...

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