Banks and the new Asian tigers

Print edition : April 15, 2016

Residential buildings in various stages of construction at a site in Beijing. Large-scale lending to the real estate market and housing finance operators created property bubbles in major Chinese cities and these have begun to go bust. Photo: Qilai Shen/Bloomberg

Power transmission lines near Doddaballapur near Bengaluru. Returns on investment in infrastructure sectors such as power generation and distribution and ports and roads have been low or negative, resulting in default on loans provided to these ventures by commercial banks. Photo: V. Sreenivasa Murthy

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