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China banks need to clear the decks: Templeton

The caution comes amid risks from rising leverage in the Chinese economy, said Stephen Dover, head of equities for Franklin Templeton.


SOME fund managers at Templeton still retain a wariness of Chinese banks despite their cheap valuations.

The worry is that the banks have grown their balance sheets too quickly and the loan portfolios will need more restructuring, especially given the exposure to the...

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