Top China bank ICBC reports jump in property bad debt

BEIJING: Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender by assets, said soured lending to the real estate sector in the first half of this year rose 15 per cent. The lender reported 38.8 billion yuan of non-performing loans (NPL) at the end of June, comparedContinue Reading

China won’t Laos become a Belt and Road debt trap

A promotional poster for the 414-kilometer Laos-China railway project that promises to transform Laos from landlocked to land-linked. Photo: Facebook

Laos people unprecedented financial problems, including US$14. 5 billion worth associated with public and publicly guaranteed debt — around half of that is owed to Cina. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest lender and political best friend, will not let Laos default. The size of […]

The publish China and taiwan won’ t Laos become a Belt and Road debt capture made an appearance first on Asia Moments .

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