Reports that 85% of local government borrowers in Liaoning missed loan payments in 2010 ought to...
Reports that 85% of local government borrowers in Liaoning missed loan payments in 2010 ought to raise the eyebrows of those who think Chinese banks are cheap. Chinese lenders aren't as nearly as well-capitalized as Tier 1 ratios would indicate, and owners are likely to face dividend cuts, dilution, or both. China financial ETF: CHIX -24% YTD.
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at CNBC.com (Dec 12, 2013)
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