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Chinese banks see jump in mining-related NPLs

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Chinese banks see jump in mining-related NPLs

Chinese commercial banks saw a deterioration in asset quality for mining-related loans in 2016, while the regions of Inner Mongolia, Yunnan, Fujian, Shanxi and Jilin reported the highest nonperforming loan ratios, according to China Banking Regulatory Commission data.

NPLs in the mining sector saw a 124-basis-point jump to 3.57% in 2016 from 2.33% a year earlier. The sector saw low iron ore prices and an intensification of a government crackdown on mining companies not compliant with air pollution regulation.

The manufacturing and household services sectors followed behind with an increase in their NPL ratios by 50 basis points and 48 basis points, respectively.

Meanwhile, resource-rich Inner Mongolia reported the highest NPL ratios among regions in China, at 3.57%.

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