Inquiring minds are questioning the solvency of the Chinese banking system. Please consider China Defaulting Loans Soar, Insolvency Lawyer Says. Non-performing loans in China have risen into the “trillions of renminbi” because of poor lending practices, an insolvency lawyer said. “We work really closely with SASAC, the state-owned enterprise regulator in China, and there are literally trillions and trillions of renminbi of, frankly, defaulting loans already in China that no one is doing …

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Nonperforming Loans in China Rise to "Trillions of Renminbi"