China’s NPL problem has ‘stabilised’ – PBoC’s Yi

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China’s non-performing loans (NPLs) have stabilised and the pressure from capital outflows has eased, said People’s Bank of China deputy governor Yi Gang on April 24.

“Non-performing loans are getting pretty much stabilised after a long time of climbing,” said Yi at Bloomberg’s International Finance & Infrastructure Forum in New York.

The country’s NPL ratio declined in the fourth quarter last year – the first time it had done so since 2012. Earnings reports last month from China’s four

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