1/6  BIS central bankers' speeches  In addition, the banking industry has had low exposure to bad debts with the non-performing loans ratio of universal and commercial banks at a mere 1.9 percent and non-performing assets ratio at 1.6 percent as of end-April 2020. We also have a robust external payments position which provides adequate buffers against global risks and shocks.
Other measures include bilateral cooperation agreements that aim to further promote use of the renminbi as a trading and investment currency. The potential for efficient renminbi clearing is significant to enterprises that operate internationally. As China's largest European trading partner, Germany is of crucial importance in this context.