China hits government’s target of 7.5% GDP growth exactly in June quarter

Write offs from bad loans at China’s big banks soar by 127% in 2013

China’s five biggest banks increased their write off of bad loans by 127% in 2013 over 2012 levels. And the rising level of write offs along with the puzzlingly low ratio of non-performing loans at these banks has raised suspicions that banks are manipulating write offs to prevent the non-performing loan ratios from rising so quickly that they set off alarms in financial markets.