Non-performing loans reached 1,706 CNY bil in 2017 in China, according to the National Central Bank. This is 12.8 % more than in the previous year.
Historically, non-performing loans in China reached an all time high of 1,718 CNY bil in 2004 and an all time low of 428 CNY bil in 2011. When compared to China's main peers, non-performing loans in India amounted to 9,058 INR bil, 5,634 RUB bil in Russia and 116 USD bil in USA in 2017.
China has been ranked 8th within the group of 90 countries we follow in terms of non-performing loans, 4 places behind the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.