Chinas top banks post lower second quarter profit as property sector weighs
Four of Chinas five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a slowing economy and struggling property sector.
Posted by Hicham ALAOUI RIZQ on 2024, Aug 30
Introduction
Four of Chinas five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a slowing economy and struggling property sector.
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