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Chinese banks feel strain of bad debt as economy slows

Bohai Steel struggles to repay $30B

By NEIL GOUGH THE NEW YORK TIMES

This article was published April 16, 2016 at 1:42 a.m.

For Chinese banks, the decision to lend to companies such as Bohai Steel was for years a no-brainer. Lenders took heart from its state backing, which appeared as solid as the millions of tons of steel pipes that rolled off its production lines each year.

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Print Headline: Chinese banks feel strain of bad debt as economy slows

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