China’s Banks Have a Hidden Wave of Bad Debt
Pedestrians walk and jog along the Tsim Sha Tsui promenade as the Hong Kong skyline stands across Victoria Harbor in Hong Kong, China (Photographer: Anthony Kwan/Bloomberg)

China’s Banks Have a Hidden Wave of Bad Debt

(Bloomberg Opinion) -- China’s banks may have a flood of bad loans waiting in the wings. Not that you’d know it from looking at official levels for 2018, which suggest the problem was broadly conta...
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