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Moody's upgrades China's banking system outlook, first since 2015
- Reuters, SHANGHAI (Daily Mail: Wires)
- Jul 27, 2017
- 1 min read
The improved outlook reflects the stabilization of soured debt after successive quarters of fast rising NPLs [non-performing loans] and the latest crackdown on shadow banking, said Moody’s in a statement.
(Reporting by Engen Tham; Editing by Eric Meijer)
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