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I couldn't see any link about this info in the "Financial News" yesterday, but I think its important to let you guys know:

China's big four state banks cut their non-performing loan ratios by 4,83% points in the first nine months this year!
The average non-performing loan ratio was 26,1% at the end of last year.
The banks reduced their outstanding non-performing loans by 88.88 billion yuan between Jan & Sep.

This is very good news as it shows that the banking sector is on the right track - even though that its still a long way to go!

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