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China's Failed Banks

Only Available in Archive Formats.
China's Failed Banks

China's Failed Banks

China's Failed Banks

Only Available in Archive Formats.

NPR's Mary Kay Magistad reports the Chinese government is shutting down its failing banks for the first time in half a century. The Chinese people's high savings rates have masked some of the banking industry's problems — at least 25 percent of the state's loans are poor performers.

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