China’s Banks Face $6 Trillion Coronavirus Cataclysm If Epidemic Is Not Contained Soon

Or, alternatively, one can read the fine print, where we find that among the immediate first order consequences of a GDP crunch is that the bad loan ratio at the nation’s 30 biggest banks would rise five-fold, flooding the country with trillions in non-performing loans, and potentially unleashing a tsunami of bank defaults.     […]
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