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China bank mergers raise key questions about bad debt, Michael Pettis notes

China bank mergers raise key questions about bad debt, Michael Pettis notes
China bank mergers raise bad debt concerns

Michael Pettis, economist, professor of finance at Peking University and nonresident senior fellow at Carnegie Endowment for International Peace, raises an important question regarding China's bank restructuring.

According to Pettis, when a struggling bank is absorbed by a larger institution, it remains unclear what ultimately happens to the bank’s bad debt.

Pettis previously reported that China reduced its total number of banks by nearly a quarter, with more than 670 closures last year, according to official data here. He has also discussed the debate around China’s foreign trade imbalances and persistent export surpluses in a separate article. These insights help frame the ongoing discussion about the fate of distressed banking assets in the country.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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