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To help handle a surge of souring debt, China will let provinces set up more than one bad-loan management company

s China's debt grows to nearly three times the size of the nation's economy, potentially posing a threat to its long-term financial stability, regulations are relaxing to handle nonperforming loans. Nevertheless, analysts say the proliferation of bad-loan companies could make it even harder to understand how the nation recognizes soured debt.
8 months ago
Amedeo Tumolillo
By Amedeo Tumolillo
Amedeo Tumolillo is an editorial consultant with SupChina and award-winning multimedia journalist. He previously worked at The New York Times and Spectrum. Follow him on Twitter at @hellotumo.
China in 2 minutes a day
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