Chinese loan officers are finding themselves torn between conflicting policy goals. Beijing wants the country's commercial banks to help fund infrastructure spending to support cooling growth, but isn't relaxing a campaign to cut a US$290 billion pile of bad debt. They also need to somehow remain profitable. First-half earnings show the pressure is pushing them headlong into consumer lending
OTHER NEWS
Tech companies listed in China have slumped, unable to leverage Beijing’s push to modernize its industrial sector as cheap labor and government subsidies in the targeted fields begin to dry up; https://www.ft.com/content/e46bf2e2-af90-11e8-99ca-68cf89602132
https://defence.pk/pdf/threads/insider-china-deleted-150-pages-of-agreemnents-of-trade-deal-with-the-us.617429/
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