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CORRECTED-UPDATE 1-China Construction Bank earnings slow on increased bad-loan provisions – (Corrects Q3 net profit to 56.8 billion yuan from 56.5 billion, percent change to 9.4 from 8.9) * Net profit growth slows to 9.4 pct in Q3 from 12.9 pct in H1 * Increased provisioning amid bad-loan.
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How Bad Is China’s Debt Problem, Really? – After the financial crisis, China embarked on a credit binge of historical proportions. Excessive real-estate lending led to the construction of "ghost cities." Asset bubbles popped and bad loans.