Banking sector to see stable growth

China’s banking sector is expected to grow steadily during the 2017-18 period with a lower non-performing asset ratio. The commercial banks’ assets are likely to grow by 10 percent a year, China Banking Association said in its annual report. The money supply will gradually expand, but problems including weak growth of interest rate differentials and rising credit costs might threaten net profits. Commercial banks lent more money to small and micro businesses and in individual housing loans in 2016, and much less to industries suffering from overcapacity, according to Pan