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Profit growth slows across China’s banks

HONG KONG - Credit in China’s economy continued to grow at a brisk pace in the first half of 2017. While corporates, SOEs and government departments account for the majority of outstanding loans, household debt was the fastest growing sector. This was largely driven by mortgages, which grew by just over 30% year-on-year. Despite this, profit growth slowed for the majority of China’s banks......

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