主题：【原创】张厂长的故事 -- wqnsihs

nonperforming loan ratio in 1990s?

That was around 40% on average for most state banks. There were variation among the Big 4, but most data were scary then.

Zhu had to do something dramatic to rescue the whole China.

If China was led by a soft ball then, China would have already imploded due to fiscal bankruptcy, banking crisis and final social collapse. Put another way, Greece in 1990s.