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China’s growing debt problem is affecting its banks’ profitability.

Chinese Banks Write off Billions in bad Debt

S. Rina   | Nov 01, 2016 09:59 AM EDT

China's growing debt problem is affecting its banks' profitability. The country's top five banks have announced that they are writing off $40 billion worth of non-performing assets during the first nine months of the year.

CCB inked deal with IE Singapore to develop One Belt, One Initiative infrastructure projects.

China Construction Bank, International Enterprise Singapore Ink $22.2 Billion Worth of Financing Deals

Charissa Echavez   | Apr 26, 2016 08:56 AM EDT

China Construction Bank (CCB) signed a Memorandum of Understanding (MOU) with International Enterprise (IE) Singapore on Monday to provide financial support to both Singapore and Chinese companies in the One Belt, One Road (OBOR) infrastructure projects.

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