HONG KONG -- Chinese banks' turnaround in profitability is faltering as the country's largest lenders get sucked into further support for ailing parts of the economy and struggling state-owned companies, despite a broad recovery from the coronavirus pandemic.
This year was expected to mark the start of a multiyear recovery at China's commercial banks, after their combined net profit fell 2.7% in 2020, the first decline in a decade.
