Trillions in bad loans straining China’s banking system, regulator warns

Hidden bad loans threaten to wipe out bank profits and erode capital bases, especially at China’s small and regional banks that have come under fire for years of undisciplined balance sheet expansion and fraud.
Read more: https://www.scmp.com/economy/china-economy/article/3097229/chinas-top-bank-regulator-sees-surge-bad-loans-straining?source=Snapzu