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.
Finance
China banks' profit revival falters
Lenders still making bigger bad debt provisions than expected
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Industrial and Commercial Bank of China's headquarters branch in Beijing. Chinese banks face a Catch-22 in resolving the issue of mounting debt at state-backed companies. © Reuters
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