This entry was posted on 7/3/2009 10:01 AM and is filed under uncategorized.
I can't prove it, no one can, but my bet
is that 20 to 30% of these loans will go bad. This is on top of the hundreds of
billions of toxic assets built up during the boom years and the base line of 900
billion estimated by Earnst and Young in 2005. If you add all this up you get a
toxic debts of about $1.5 to 2 trillion
William
Gamble
China
'09 bank loans likely to top 10 trln yuan -paper
Thu Jul 2, 2009 8:01pm
EDT
SHANGHAI, July 3 (Reuters) -
New lending by Chinese banks is likely to exceed 10 trillion yuan ($1.46
trillion) this year, the Shanghai Securities News reported on Friday, even as
bank regulators warned about risks from improper loans.
Combined yuan lending by
China's big four state lenders, including Bank of China (601988.SS: Quote, Profile, Research, Stock Buzz), reached 497 billion yuan in June,
with overall lending in the country exceeding 7 trillion yuan in the first half,
the newspaper said, citing unnamed sources and authoritative
institutions.
