Chinese officials hit back at critics of the country’s mounting debt pile yesterday, saying the country’s banks had taken measures to ensure non-performing loans would not pose a systemic risk to China’s financial system.
“China’s banking sector is generally stable and risks are under control,” Wang Shengbang, a senior official with the country’s banking regulator, said at a briefing.
According to Mr Wang, Chinese banks wrote off non-performing loans worth more than Rmb2tn ($304bn) in the past three years after the China Banking Regulatory Commission ordered the sector to boost provisions.
您已阅读26%（594字），剩余74%（1686字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。