China says bad loans may rebound in 2014 but still under control
BOAO, China, April 8
BOAO, China, April 8 (Reuters) - China's banks may see their bad loans rebounding this year due to the government's efforts to reduce overcapacity in some industries, Yan Qingmin, a vice chairman of the China Banking Regulatory Commission (CBRC) said on Tuesday.
Yan told reporters at the Boao forum that the average non-performing loan ratio of Chinese banks could still be kept around 1 percent at the end of 2014, as they have set aside enough provisions. (Reporting by Aileeng Wang and Kevin Yao; Editing by Clarence Fernandez)