The global financial crisis might exacerbate an Rmb1 trillion ($540 billion) problem that China will have to deal with next year. That is the approximate total of the non-performing loan portfolios held by the four state-backed asset management companies set up in 1999 to hive off bad assets from the big four Chinese banks. The four firms, Cinda, Huarong, China Orient and Great Wall, were created to take on the non-performing loans of banks and are due...
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