摘 要: | Foreign banks continue to fare well here on the back of the country's torrid economic growth sitting on piles of bad mortgages and unpaid credit-card debts and auto loans, several foreign banks have seen their profits plummet along with the broader economic downturn in the West But the good news is that they still see China as a bright spot for expanding their business. In the first three quarters this year, foreign banks in China earned 10.12 billion yuan ($1.48 billion) in profit, double the amount they made during the same period last year, said the China Banking Regulatory Commission in a statement on September 25.
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