4.99%,

Chinese banks face rising property bad loans: Bank of Communications’ ratio surged to 4.99%, Industrial & Commercial Bank saw a 9.6% increase.

“#China: Bank of Communications reported that its property bad loan ratio jumped to 4.99% at the end of last year from 2.8% a year earlier. Industrial & Commercial Bank of China saw its bad loans from residential mortgages rise 9.6% to 27.8 billion yuan. We know that the property sector (as outlined in a 2021 …

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