A few items in the Chinese press ... just the highlights, you'll get the idea:

Caixin reports:

  • Outstanding nonperforming loans at financial institutions at the end of February were more than CNY2 trillion - up almost 35% compared with a year earlier
  • An increase of 2.08% in the NPL ratio for the banking industry

Financial News reports:

  • Moody's and S&P were too pessimistic in downgrading their outlooks for China and the ratings of some local companies, according to People's Bank of China chief economist Ma Jun, says recent data shows economic recovery
  • Property investment has started increasing
  • Industrial profit growth turned positive for the first two months of the year
  • March PMI rebound

Xinhua:

  • China is relaxed about downgrades in the country's outlook by rating agencies

All via MNI