Table 3. Rising fragility of China’s banking sector
NB: Proportion of non-performing loans for the four major banks for 1996 and 1998 are re-estimated, based on new information made available at the beginning of 2001. The proportion for 2001 excludes the renminbi 1.4 trillion transferred to the Asset Management Companies in the previous year.
Source: Citigroup, 2002, estimates.