China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.
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China’s debt problem: How worrisome and how to deal with it? - IEFHow China's property bubble burstChinese real estate may be the world economy’s ‘most important single sector,’ says Fitch. But don’t expect Beijing to save it from crisisChinese Law | China: Is it correct that China does not allow private ownership of real property?Bank of Communications Co. reported Wednesday that its property bad loan ratio jumped to 4.99% at the end of last year from 2.8% a year earlier. While the balance of its overdue mortgages slipped, the special mention loans for the segment — a leading indicator of soured loans — jumped 23% to 9.88 billion yuan ($1.4 billion).
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