Business trendsChina corporate results flash warning sign on economic slowdown
Looser credit helps banks and developers but bad loans on the rise
Sales for Chinese manufacturers and retailers of electric vehicles, such as BYD, have tumbled since Beijing slashes subsidies earlier this year. © AP
KENJI KAWASE, Nikkei Asian Review chief business news correspondent
November 7, 2019 12:12 JST
TOKYO/SHANGHAI -- Falling Chinese corporate profits are flashing a warning sign about the country's deepening economic slowdown, according to an analysis by the Nikkei Asian Review, and easier bank credit can only do so much to keep growth going as bad loans have already hit alarming levels at some lenders.