Posted on 01/25/2016 5:00:14 PM PST by TigerLikesRooster
Survey Reveals Bankers in China Fearing High Credit Risk
By: Faraz Haleem Published: January 25, 2016 at 06:56 am EST
The recent slowdown in the world's second largest economy has created several economic challenges, such as industries overcapacity and decline in manufacturing activities. The situation has mounted pressure on banking sector, owing to the rise in credit and default risks.
China Banking Association (CBA) and PwC jointly released a survey; showing that 82% bankers believed that credit risk is high in industries with excess capacity. The industries include steel, iron, shipping, and cement, according to "China bankers' survey report (2015)", published on Sunday. About 58% bankers considered lending to small and medium enterprises as primary credit risk for their banks.
(Excerpt) Read more at chinabusinessnews.com ...
P!
Re-pave America, China. Spend 12 trillion dollars to create 50 jobs making unions happy.. for six months of recovery. Who knew it was a credit problem, except the governors who posted millions of taxpayer signs saying .. this project funded by the blah blah blah act.
The other 18% are financial geniuses who know not to worry because the government will bail out the defaulting parties.
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