World NEWS
Chinese banks brace for tough year as low interest rates, property crisis hit profitability
![Chinese banks brace for tough year as low interest rates, property crisis hit profitability 1 Newsdaily1](http://i0.wp.com/en.newsdailyarabic.com/wp-content/uploads/2022/05/Newsdaily1.png?resize=512%2C470&ssl=1)
Major banks have reported declining net interest margins, a crucial measure of their profitability, while the struggling property market portends slower growth, if not an outright contraction, in new mortgage applications.Read More