China banks' bad-loan ratio will likely pick up modestly this year due to the nation's efforts to reduce overcapacity in some industries but the banks have sufficient provision to cover the bad loans, Yan Qingmin, deputy chairman of the country's banking regulator said Tuesday.
Speaking at an economic conference, Mr. Yan said the bad-loan ratio will likely be around 1% at year-end, slightly up from 0.98% at the end of last year.Chinese enterprises in several industries, including cement and steel, have been struggling with overcapacity
Speaking at an economic conference, Mr. Yan said the bad-loan ratio will likely be around 1% at year-end, slightly up from 0.98% at the end of last year.Chinese enterprises in several industries, including cement and steel, have been struggling with overcapacity