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CHINA-ECONOMY/BANKS
RTX1CFSN
11 May. 2015
A logo of Bank of China is seen next to skyscrapers... more
CHINA-ECONOMY/BANKS
RTX1CFSN
11 May. 2015
Shanghai, China
A logo of Bank of China is seen next to skyscrapers at the Pudong financial area in Shanghai, China, May 11, 2015. China's banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalization of the deposit rate system eating into their profit margins. China's five biggest lenders, including Industrial & Commercial Bank of China Ltd. and Bank of China Ltd, saw their profits grow by less than 2 percent in the first quarter of 2015 from a year earlier, a marked slow-down from their rampant double-digit growth of a few years ago. REUTERS/Aly Song
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