China's bad loans grew to RMB1.8tn in H1

China’s banks saw bad loans grow by RMB322.2 billion (US$51.89 billion) in the first half of 2015 to reach a total of RMB1.8 trillion, pushing the country’s ratio of bad loans to total loans to 1.82%, Caixin reported, citing new data released by the China Banking Regulatory Commission. The data also showed that the amount of loans banking financial institutions put under special monitoring due to greater risk of default had risen by one-third to RMB4.18 trillion, about RMB608.1 billion more than at the year’s outset. The amount of loans that commercial banks had in this category rose by RMB548 billion to RMB2.65 trillion.