TOKYO -- Souring loans to retail customers have emerged as the latest headache for Chinese lenders already plagued by the country's real estate woes, at a time when the government aims to stimulate consumption through increased borrowings.
Finance
Bad consumer loans emerge as new headache for Chinese banks
Declining personal income, repayment capabilities hit lenders' asset quality
Top Chinese banks have recorded double-digit increases in bad loans in their personal lending businesses, signaling mounting risks and pressures in the world's No. 2 economy. (Nikkei montage/Source photos by Reuters)
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