HONG KONG -- The headwinds facing Chinese banks were highlighted this week, as financial groups released full-year earnings reports showing that lower interest rates squeezed their returns from lending while bad property debts surged.
Finance
Chinese banks hit by bad property debts, lending margin squeeze
Headwinds facing financial system highlighted as earnings season begins
Nonperforming property loans more than doubled last year at several Chinese banks. © AFP/Jiji
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