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2019 China Non-Performing Loan Market
"China’s outstanding aggregate financing number totalled RMB219 trillion by September 2019, up by 10% year-on-year (YoY) according to PBOC data, of which local currency loans made up 68.2% (RMB149 trillion). Chinese commercial banks typically classify loans into normal, special-mention, substandard, doubtful and loss, with the three latter ones considered nonperforming loans (NPLs)."