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China’s credit growth expected to pick up in March

New bank loans in China likely rebounded in March from a sharp drop the previous month and total social financing is expected to pick up buoyed by faster local government bond issuance to ramp up infrastructure investment.

Chinese banks likely extended 1.2 trillion yuan in net new loans in March, up about 7 percent from the same period a year earlier, according to a median estimate in a Reuters survey.

After a record credit surge in January, new bank lending tumbled to 885.8 billion yuan in February, due to seasonal factors and regulators’ concerns about a flare-up . . .

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