China’s banks made $35.8 billion dollars in the first 6 months of this year says the China Banking Regulatory Commission (CBRC).

In 2003, non-performing loans were about 17.9%. That’s one in six persons did not repay their loan. Good grief!

In the first half of this year, non-performing loans are down to 8.98% or about one in 12.

Consequently - the big proft. Four years ago, the banks made about 12% of what they are making now.

Interesting…people pay back their loans and the bank makes money.

Assets of Chinese banks are up over $7 trillion.

Whoa, that’s a lot of money. That’s a ‘T’!

Of the world’s top 1000 banks, 31 of them are in China.

So, what’s a bank need all that money for?

And, why can’t they lend money at a lower interest rate?