Bad banks are not enough to contain the explosion of non-performing loans in China

Managing China's 470 billion dollar bad credit is becoming increasingly complex. China Bohai Bank, a 16% stake in Standard Chartered, announced the sale of underperforming assets worth 4 billion dollars, highlighting the pressure on banks as the country's housing bubble deflates. However, buyers are also facing significant difficulties. Bohai Bank, based in the northern metropolis of Tianjin, has been hit hard by the country's housing crisis and…