China bad debt spikes by more than a third

``China's economy expanded at its slowest full-year pace in 24 years in 2014, undershooting the government's target for the first time since 1998. The economy continued to lose momentum in the first quarter of 2015 with on-year growth marking its slowest pace in six years... NPL, or bad loans, rose at ... 38.23 percent to 641.5 billion yuan, the report said. Loans that could turn bad increased at an even faster pace; overdue, but not NPL loans, jumped 112.65 percent on-year.''