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China's total outstanding bad debt will balloon to RMB1.135 trillion (US$180 billion) at the end of 2015 from an expected RMB827.7 billion (US$134.5 billion) at the end of this year, predicts China Orient Asset Management Corporation, one of China's four "bad banks" established in the late 1990s to handle the non-performing loans accumulated by the […]
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