HONG KONG -- China's top lenders have reported an increase in bad loans during the first half of the year amid predictions that credit problems in the property sector will grow worse.
China debt crunch
China's top banks report rising bad loans as property woes spread
Nonperforming loans jumped 7.6% in first half at four big state-owned lenders
Nonperforming loans at the four big state-owned Chinese banks reached 1.202 trillion yuan ($164.8 billion) in the first six months of 2023. (Nikkei montage/Source photo by AP and Reuters)
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