debtThere are many precedents of financial systems experiencing significant asset deterioration following sustained periods of above-trend credit growth. In China, there have been a rapid build-up of credit in the 1990s, with over-leveraged Chinese state-owned enterprises weighed on predominantly state-owned banks reporting non-performing loans (NPLs) of about 30%, much of which were subsequently carved out […]

Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Visit the original source and full text: China Money Network