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China's bad loan season descends again and this time it may be really bad

The debt of local government financing vehicles and property developers are looking precarious while several trust investment firms are on shaky ground

Topics
China economy | Bad loans | Chinese banks

Anjani Trivedi | Bloomberg 



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Companies, provinces and assets that weren’t previously vulnerable are now under pressure

It happens again and again. Every time start sweeping their books of bad loans, investors are convinced it will be the tail-end of a chronic problem. Somehow, they tell themselves, lenders are going to have to emerge with a clean slate and be ready to keep credit flowing. And the power of positive thinking dissolves the misgivings. At least for a while.

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First Published: Wed, February 17 2021. 09:04 IST

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