HONG KONG -- China's property crisis is taking a particularly heavy toll on small banks in low-growth provinces, as bad debts to developers erode their finances.
Northeastern institutions suffer sharp increases in bad loans to developers
A residential construction site in Dalian, Liaoning province. The pressure on banks in China's northeast is acute as the country grapples with a prolonged real estate slump. (China Daily via Reuters)
HONG KONG -- China's property crisis is taking a particularly heavy toll on small banks in low-growth provinces, as bad debts to developers erode their finances.