BANKS IN CHINA SEE BIG LOSSES.(BUSINESS)

Byline: ELAINE KURTENBACH Associated Press

BEIJING -- A banking industry plagued by bad loans, ruinous real estate speculation, poor profitability.

Japan? The United States? No. This time, it's China.

China's banks are among the world's largest. They hold more savings than any banks in other countries. And they have problems to match.

Highlighting China's financial troubles, the central bank announced last month it had shuttered the nation's second-largest trust and investment firm because of illegal deals.

China Agribusiness Development Trust and Investment Corp., which was closed Jan. 4, lost billions of dollars through real …