China

Chinese banks must brace for surge in bad loans, regulator says

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating.

China officials report suspected bubonic plague case

While China appears to have reduced coronavirus cases to near zero, other infectious threats remain, with local health authorities announcing a suspected bubonic plague case in the Inner Mongolia Autonomous Region.