China commercial banks’ bad loan ratio declines at end-June, regulator says

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Outstanding non-performing loans in the commercial banking sector stood at 2.95 trillion yuan ($436.20 billion), an increase of 106.9 billion yuan from the end of the first quarter, according to a statement on the website of the China Banking and Insurance Regulatory Commission (CBIRC).

($1 = 6.7630 Chinese yuan renminbi)