Top Chinese banks warn of spillover risks from property crisis

Nonperfoming loans jump more than 10% in 2023 at four state lenders

20240328N Evergrande buildings

China's troubled property sector is driving up bad loans at the nation's top state banks.  © Reuters

ECHO WONG, Nikkei staff writer

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.

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