Xu Xiaonian, a well known economist in China, says that local political incentives still obstruct growth.
China’s biggest banks reported a surge in soured and castoff loans in the first half of the year, as China’s slowing growth has taken a toll on its lenders.
Xu Xiaonian, a well known economist in China, says that local political incentives still obstruct growth.
China’s biggest banks reported a surge in soured and castoff loans in the first half of the year, as China’s slowing growth has taken a toll on its lenders.