China's Cinda offers record $7 bln in bad loans as economy slows
May 28, 2015 at 07:13 AM EDT
HANGZHOU, China, May 28 (Reuters) - China Cinda Asset Management offered on Thursday nearly $7 billion in soured loans to investors in its largest ever sale, underscoring government pressure on banks and asset managers to settle China's debt pile as economic growth stalls.
