Problems Loom for China's Newly Refurbished Banks

The Economist, 6 April 2006The mainland's banks have never looked in better shape. On April 6th China Construction Bank, the country's third-largest lender, reported its results for 2005. Although net income dipped a bit, operating profit (a better reflection of its underlying business) rose by 17%, boosted by robust loan growth in a booming economy. The bank's shares have risen in price by more