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It is too early to say the current......>

CHINA PRESS
CHINA PRESS: It is too early to say the current improvement in bank assets
quality has become a trend although banks have actively shrunk their balance
sheets under stricter regulation, the Financial News, a journal run by the
People's Bank of China, reported Friday. The debt risk has been reduced
considering debt defaults have decreased this year, the report said, adding that
as of the end of September, debt defaults totaled CNY23.68 billion, compared
with CNY40.3 billion for of 2016. But economic downturn pressures are still
large and credit quality in some regions and sectors could plunge as cuts in
overcapacity and new environmental protection initiatives continue, the report
warned. Insufficient private investment and rising borrowing costs will put
further pressure on corporate debt burdens, the report warned. (Financial News)

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