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China's big banks set for hard slog as margins fall

They also face increased sour debt, even as rate cuts eat into interest income

ICBC, China's biggest bank by assets, on Tuesday reported near flat half-year profits, and has written off 44.8 billion yuan of bad debt in the first half.


FOUR of China's so-called "Big Five" state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in the world's second- biggest economy hits borrowers and saps lenders' margins.

Chinese banks, among the world's