China’s stimulus plans are choking the profitability of its megabanks, analysts say
A man with a mobile phone walks past a Bank of China Ltd. branch. in Guangzhou, Guangdong Province, China, on Thursday, March 27, 2014. Brent Lewin | Bloomberg | Getty Images China’s biggest state-owned banks are likely to see their record low profit margins fall further as Beijing’s broader stimulus package comes into play, analysts … Read more