At a time big US and European banks are striving to survive, big Chinese banks are thriving. According to Xinhua Agency, ten Chinese commercial banks reported net earnings of 244.7 billion yuan (72.11 billion U.S. dollars), beating analysts’ estimates—most banks saw year-on-year rises of over 30 percent in their first-half net profits. What makes Chinese banks so profitable? Full story
OPINION: Why are Chinese big banks so profitable? - Panos Mourdoukoutas
At a time big US and European banks are striving to survive, big Chinese banks are thriving. According to Xinhua Agency, ten Chinese commercial banks reported net earnings of 244.7 billion yuan (72.11 billion U.S. dollars), beating analysts’ estimates—most banks saw year-on-year rises of over 30 percent in their first-half net profits. What makes Chinese banks so profitable? Full story
