August 29, 2018 / 7:53 AM / Updated 3 hours ago
China's AgBank needs to make provisions to prepare for trade friction - exec
BEIJING (Reuters) - The Agricultural Bank of China needs to make provisions to prepare for trade friction and zombie firm failures, the president of the lender said at a press conference in Beijing on Wednesday.
A man walks past the headquarters of Agricultural Bank of China in Beijing, China March 28, 2017. REUTERS/Jason Lee/Files
Zhao Huan’s remarks come a day after the bank posted higher profits for the first half of the year.
Reporting by Shu Zhang, Writing by Engen Tham; Editing by Himani Sarkar
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