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Profits up at China's big banks

Bets that their earnings will withstand the develeraging drive are helping their stock prices outperform smaller rivals

Growth in China's economy, which expanded a faster-than-expected 6.9% in the second quarter, has bolstered the country's banks.


RESILIENT economic growth and a government campaign against excessive leverage are helping China's largest banks, curbing their bad loans and underpinning their net interest margins (NIM).

Those factors helped the four biggest banks post higher-than-estimated second-quarter...