China's bank sector's bad loan ratio rise as pandemic impact persists

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China’s banking sector saw its bad loan ratio rise to 1.9% at the end-September versus 1.86% three months earlier as the impact of the pandemic persisted and loan forbearance policies expired, the sector’s regulator said on Thursday.

Outstanding non-performing loans in the banking sector stood at 3.6 trillion yuan ($562.63 billion), Wang Chaodi, head of the general office of the China Banking and Insurance Regulatory Commission, told reporters in Beijing.

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