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Asia300

Big four China banks report first drop in bad loans in 6 years

Policy-driven capacity cuts keep industrial borrowers under stress

Major banks in China like ICBC, the world's largest by assets, have been selling off bad loans.   © Reuters
YASUO AWAI, Nikkei staff writer | China

HONG KONG -- Bad loans at China's top four banks fell last year for the first time since 2011 amid pressure from regulators to clean up balance sheets and broad economic improvement.

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