banking - Conflicting stories
 
The Standard in Hong Kong brings today relative cheering stories on China's state banks being able to get rid of their non-performing loans ahead of their upcoming IPO.
That is quite different from the story they published only a few days ago, and the warnings economist Wu Jinglian gave last week. The new story even does not refer to the earlier 'devastating' news the ratio of non-performing loans had not changed over the past five years.
Bringing this kind of conflicting stories used to be the patent of the South China Morning Post.