China’s Mega Banks Post Worst Profit Slump on Bad Debt Wave
Pedestrians walk past an Industrial & Commercial Bank Of China Ltd. branch in Hong Kong, China. (Photographer: Billy H.C. Kwok/Bloomberg)

China’s Mega Banks Post Worst Profit Slump on Bad Debt Wave

(Bloomberg) -- China’s biggest banks suffered their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad.
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