Asia’s $640 Billion Bad-Loan Pile Lures Investors, Deloitte Says
- China dominates with $295 billion bad loans held by banks
- Foreign investor interest in China, India rising: Deloitte
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A growing pile of bad debt in Asia is luring more global investors.
That’s the view of consulting firm Deloitte LLP, which estimates that nonperforming loans held by banks across Asia jumped 23% to $640 billion, amid a slowdown in the global economy and simmering U.S.-China trade tensions.