Banks report lowest ever NPL ratio in 2007

The non-performing loans (NPL) ratio of Chinese commercial banks fell to its lowest-ever level of 6.2 percent in 2007.

---

• China imports more motor vehicles in 1st two months
• Listed banks Q1 profits surge on rising interest income
• Steel exports down 37% in Q1
• Mobile phone production growth slows in first quarter
• China's oil consumption hits record high in first quarter

China is world's 3rd largest motor producer in 2007