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India #BoycottChina Affecting Chinese Bank,China Bad Debt Increase profit Fall in decades ?

#ChinaBankCrisis #ChineseBankShowFallInProfit #IndiplusNews #WorldLatestNews #India
China’s largest banks posted a drop in first-half profits in the midst of an ongoing pandemic, the first time since the global financial crisis over a decade ago.

A surge in bad debt and higher provisions led first-half profits at Chinese commercial banks to shrink 9.4 percent year-on-year, according to the China Banking and Insurance Regulatory Commission (CBIRC), wit the six largest banks posting a 12 percent drop.
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24 августа 2020 г. 19:10:58
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