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"Chinese banks extended 463.6billion yuan ($69.78 billion) in new yuan loans in July, missinganalyst forecasts and falling significantly from the previousmonth, amid wide debate over whether the central bank should cutinterest rates this year.", www.reuters.com
"UBS published an interesting report saying the Chinese government already started bailing out its banks starting last year. This is good news for the banking sector because it means Beijing does recognize ballooning bad debt and is trying to fix the problems.Analyst Jason Bedford reached this conclusion by looking at 2015 financial statements of 173 banks, which account for over 90% of total commercial banks' assets, as well as corporate registrations of nearly all banks in China, totalling 765 banks.READ MORE.", blogs.barrons.com
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