Economy

China's big 4 banks boost lending in state stimulus push

Bad debt shrank in 2018, but a rise in loans risks generating more

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A view of Shanghai's financial district. China's top four banks' collective loan balance rose 9% in 2018. © Reuters

TAKESHI KIHARA, Nikkei staff writer
March 30, 2019 01:19 JST

HONG KONG -- China's big four state-owned banks stepped up lending to small and midsize businesses in 2018, acting on orders from authorities as Beijing seeks to invigorate a sluggish domestic economy.

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