Loosening up on bad loans
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
In the face of a pandemic you can only push reform so far.
On Thursday, Caixin cited sources saying that draft regulations requiring banks to more stringently recognize non-performing loans (NPLs) may be watered down.
The draft, circulated last year by the China Banking and Insurance Regulato...