China: Local Banks Worried by Central Directive to Lend More to Manufacturers

Sep 24, 2019 | 19:05 GMT

Several unnamed Chinese local bank officials have expressed concern about the central government's push for their institutions to pump credit into manufacturing operations after lowering the reserve requirement ratio, noting that such lending would lead to more nonperforming loans due to the slowdown in manufacturing, Caixin reported Sept. 24....

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