HONG KONG -- China's top four banks collectively reported an increase in total bad loans in 2023, as credit pressure rises in areas closely tied to the troubled property sector.
Nonperfoming loans jump more than 10% in 2023 at four state lenders

China's troubled property sector is driving up bad loans at the nation's top state banks. © Reuters
HONG KONG -- China's top four banks collectively reported an increase in total bad loans in 2023, as credit pressure rises in areas closely tied to the troubled property sector.