China to Tolerate More Bad Loans, Relax Credit Rules (Update3)
China to Tolerate More Bad Loans, Relax Credit Rules (Update3) (flag)
www.bloomberg.com — Jan. 12 (Bloomberg) -- China will tolerate an increase in bad debt this year as it eases rules governing bank lending to revive the slowing economy, the nation’s banking regulator said. The China Banking Regulatory Commission will drop its target of reducing bad loans, and instead aim to ...
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China to Relax Bad Debt Rules to Encourage Lending
naked capitalism — ... another sign that China's slump is serious enough to evoke crisis responses from the officialdom, banking officials there announced that they were relaxing rules on bank bad debt ratios. The objective is to encourage banks to continue to extend credit to borrowers experiencing short-term difficulties who have viable businesses. The concern, of course, is that banks will have trouble determining who will pull through, and could easily wind up with a lot of dud loans. From Bloomberg: The China Banking Regulatory Commission will drop its target of reducing ...

China: Increase Bad Loans, Relax Credit to Save the Economy
[ The Financial Ninja ] — Another brilliant plan! Easy credit caused the mess… and easier credit is supposed to fix the mess? WTF? Chinese policy makers must have gone to the same damn schools that unleashed the same pump monkeys who destroyed the American economy. Keynesianism: WORST ECONOMIC THEORY EVER! The Fiscal Insanity Virus (FIV) will eventually devour everything. China to Tolerate More Bad Loans, Relax Credit Rules (Update2): “China will tolerate an increase in bad debt this year as it eases rules governing bank lending to revive the slowing economy, the nation’s banking regulator said. The China ...

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