HONG KONG -- Bad loans in consumer-facing industries have crept upward at China's biggest state-owned banks while a key gauge of profitability has fallen, posing a fresh challenge in managing loan quality amid slowing economic growth.
Consumer spending slump hits top lenders as falling interest rates dent profitability
Chinese banks' profit margins are under pressure from weak appetite for loans and falling interest rates. © Reuters
HONG KONG -- Bad loans in consumer-facing industries have crept upward at China's biggest state-owned banks while a key gauge of profitability has fallen, posing a fresh challenge in managing loan quality amid slowing economic growth.