Chinese banks are reluctant to increase lending as bad loans rise. The government wants borrowing to boost consumption and economic growth. However, only those with poor credit are seeking new loans. Consumer loan defaults have reached record highs across the nation. This situation challenges Beijing's efforts to stimulate domestic demand.

Banks balk at Beijing's push for more lending amid rising bad loans. Read more at straitstimes.com. Read more at straitstimes.com.

Chinese banks are reluctant to increase lending as bad loans rise. The government wants borrowing to boost consumption and economic growth. However, only those with poor credit…