Trump tariffs may drive bad loans in China to pandemic-high levels, S&P says

Quick Summary:

Non-performing assets ratio could approach 6.5 per cent seen during the Covid-19 pandemic in 2022 if tariffs hit harder.

Higher-than-expected tariffs could hit export-related sectors and employment, stoking loan delinquencies among small and medium-sized enterprises (SMEs) and unsecured retail lending at a time when domestic economic conditions were still uncertain, the rating firm said.

Non-performing assets ratio could approach 6.

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Article Details

Author / Journalist: Cao Li

Category: Business

Markets: Hong KongChina

Topics: Non-performing Approach Face Assets Tariffs Lending Year Cent China Ratio

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 18:59:41 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27561667

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