China Defaulting Loans Soar, Insolvency Lawyer Says

Submitted by admin on Sun, 02/07/2010 - 23:03

 Feb. 5 (Bloomberg) -- Non-performing loans in China have risen into the “trillions of renminbi” because of poor lending practices, an insolvency lawyer said.

http://www.bloomberg.com/apps/news?pid=20601080&sid=aJhBD4AeX8WA