Bad Loan Risks Tick Up
The size of non-performing loans at China's commercial banks is expected to grow at least 5% this year and the non-performing loan ratio is expected to rise to between 1% and 2% from between 0.95% and 1.5% at the end of 2012, according to a report released by China Orient Asset Management Corp. The loans going to the manufacturing, wholesale and retail, environmental protection, education, transport and logistics industries are associated with higher risks, the report warned. Credit risks are higher in eastern China than central and western regions, with Zhejiang being the riskiest. Outstanding non-performing loans increased by 65 billion yuan in China in 2012, according to the banking regulator.
China Steps up Building Urban Infrastructure
The State Council, China's cabinet, has released a circular calling for more urban infrastructure construction to improve people's livelihood. Public transit systems and utility and sanitary systems are the focus of the public works.
EMS Industry Sees Fast Growth
China's express mail service industry delivered 750 million parcels generating 11.68 billion yuan in revenues in August, up 61.6% and 36.4% respectively from a year earlier, China Post said. In the first 8 months, the industry delivered 5.34 billion parcels and generated 86.45 billion yuan in revenues, up 60.9% and 34.8% year on year respectively.
Truck Sales Up 8% in August
Overall truck sales in China reached 250,551 units in August, up 8% year on year, JPMorgan said in its China/Hong Kong Daily Views report. The structural shift continued toward larger-sized ones as sales of heavy duty trucks surged 35% year on year in August, outperforming other truck types.
You are currently reading
total words in this article.
To continue reading this article, you must be a subscriber. Log in now..