Taiwan Banks Cut Loans In China Amid Slow Mainland Economic Growth, Military Tension

Taiwan banking industry loans to mainland China dropped by 16% in September from a year earlier amid slower economic growth there and rising military tension between the two sides, according to new Taiwan government figures on Friday.

Including loans for businesses, investment and interbank use, exposure declined by NT$234 billion, or $7.5 billion, from a year earlier to about NT$1.19 trillion as of the end of September, the Financial Supervisory Commission said, according to the Central News Agency.