China corporate results flash warning sign on economic slowdown

Looser credit helps banks and developers but bad loans on the rise

KENJI KAWASE, Nikkei Asian Review chief business news correspondent

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.

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