Nonperforming loans at Industrial & Commercial Bank of China Ltd. (601398), China Construction Bank Corp. (939), Agricultural Bank (1288) of China Ltd. and Bank of China Ltd. (3988) rose 3.5 percent in the three months to Sept. 30 from June to a combined 329.4 billion yuan ($54 billion), according to data compiled by Bloomberg News based on third-quarter results. Profit rose to 209 billion yuan…The nation’s debt-to-GDP ratio, excluding central government and financial debt, widened to 207 percent at the end of the third quarter from 190 percent a year earlier as credit growth continued to outpace productivity gains, Mike Werner, a Hong Kong-based analyst at Sanford C. Bernstein, said this month.
Source: Sinocism China News
Source: Sinocism China News
