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Headwinds, but No Crisis For China's Banks

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Headwinds, but No Crisis For China's Banks
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China's banks look unstoppable. Some of the biggest in the world, the major government-owned institutions posted stronger than expected profits for the first half. But beyond the strong headline numbers, concerns looming. China's economy is slowing down and more bad loans are expected to surface. Standard and Poor's sees tough conditions weighing on credit profiles. And investors are also worried things could get ugly. China banks are trading at rock-bottom valuations.moreless
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