Loans to local governments may weigh on banks, Moody's say.
By Stephanie Tong, Bloomberg|July 05, 2011 at 04:50 AM|Originally published on Treasuryandrisk.Com
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Chinese banks’ loans to local governments are about 3.5 trillion yuan ($540 billion) more than the national auditor’s estimate, and the industry’s credit outlook could decline, Moody’s Investors Service said.