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Banking Problems Crop Up In China
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Banking Problems Crop Up In China

Our Correspondent
Jul 28, 2010
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Banking Problems Crop Up In China
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Although the financial news focus has been on the so-called stress-testing of European banks – tests which have been too easy for comfort -- the bigger news is surely the admission by China of the loan loss potential of its banks.

The China Banking Regulatory Commission said that as much as 20 percent of 7.7 trillion yuan loans to regional government ent…

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