China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility"

China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility" Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is China’s Big Banks Double Bad-Loan Write-Offs . China’s biggest banks more than doubled the level of bad loans they wrote off last year, in a sign that financial strains are mounting as growth in the world’s second-largest economy slows.

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China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility"