China crackdown on bad debt forces wave of loans on the market

A tightening of credit and a crackdown on bad debt at banks in China has led to a flood of non-performing loans hitting the market at increasingly low prices. The supply of bad debt in China, estimated at $3tn last year, is expected to grow significantly in 2018, as regulators force banks to deal with bad assets after years of unbridled lending. Insiders struggle to …

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