Shanghai banking regulator says steel trade loans under control
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Shanghai banking regulator says steel trade loans under control

Shanghai : China | Oct 27, 2012 at 2:16 AM PDT
Source: Turks and Caicos Free Press
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The exposure of Shanghai 's banks to heavily-indebted Chinese steel merchants is under control, the city's banking regulator said, with a non-performing loan ratio of 1.31 percent. Chinese banks are pursuing steel traders to recover loans that many borrowers say they cannot repay. FULL ARTICLE AT Turks and Caicos Free Press
 
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