China disposed 1.4 trillion yuan of bad loans in 9 months

China disposed 1.4 trillion yuan of bad loans in 9 months

Huang Hong, vice-chairman of China's Banking and Insurance Regulatory Commission, said the country's banking sector dumped 1.4 trillion yuan ($ 197.97 billion) in bad loans from January to September.
Unpaid loans to small businesses by China's top five lenders reached 2.52 trillion yuan at the end of September, up 47.9% from the figure at the end of 2018, said Zhu Shumin, another vice chairman of the China Banking and Insurance Regulatory Commission.