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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
SCMP: "China’s top banks face continued pressure, as a slowing economy, lower interest rates and weak loan demand weighed on first-half earnings." With nominal GDP up by a little more than 4% over the period, profits were down by 0.3%, with a net interest margin of 1.3%.
https://www.scmp.com/business/china-business/article/3323686/profitability-pressure-grows-chinas-state-banks-amid-low-rates-poor-loan-demand?module=top_story&pgtype=section
2025-08-31T10:12:24.909Z