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Machine translation · the Chinese original is authoritative · View original
Bloomberg reported on September 28 that China's banking sector is accelerating the bulk sale of personal non-performing loans, but police have stepped up scrutiny of the debt collection industry, causing some companies to halt operations and lay off staff, slowing recoveries; in the first eight months, over 1,000 asset packages were listed, involving 275 billion yuan.[Stability Maintenance System][Local Government Debt][Financial Risk]
Chronicle entry
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Published 2026-09-29 12:02 · 200 views
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