China's banking system under stress as economy slows
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Beijing
CHINA'S banking system is at the forefront of the country's recovery plan which could weaken the banks, already hampered by years of inefficient lending and slower economic growth.
The government has explicitly asked banks to let go of some 1.5 trillion yuan (S$295 billion) in profits for 2020, representing 75 per cent of profits for the previous year.
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