China's credit expansion slowed in February as central bank tapers seeks to cool credit growth

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China’s credit expansion slowed in February during a traditionally slow month for lending because of the Lunar New Year holidays, as the central bank seeks to cool credit growth to contain debt risks while maintaining support for ailing small companies.

Chinese banks extended 1.36 trillion yuan ($208.86 billion) in new yuan-denominated loans in February, down from a record 3.58 trillion yuan in January but beating analyst expectations, according to data released by the People’s Bank of China (PBOC) on Wednesday.

That's higher than the expectation of 950 million . . .

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