China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
China Merges Hundreds of Rural Banks as Financial Risks Mount

China Merges Hundreds of Rural Banks as Financial Risks Mount

Jan 31, 2024
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China Daily Reads
China Daily Reads
China Merges Hundreds of Rural Banks as Financial Risks Mount
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  • Move affects 2,100 rural banks with $6.7 trillion assets

  • Banks buffeted by bad loans, shrinking margin, slow growth

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