China’s Banking Sector Expected to Dispose $490 Billion of Bad Loans in 2020: Xinhua

, , Comments Off on China’s Banking Sector Expected to Dispose $490 Billion of Bad Loans in 2020: Xinhua

China’s banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by COVID-19, the official Xinhua News Agency …
( read original story …)