China's credit growth hit the slowest pace since 2017 mainly dragged by the slowing housing market and sluggish credit demand from the corporate sector.
Chinese banks extended 1.66 trillion yuan of new yuan loans in September, up from 1.22 trillion yuan in August, data released by the People's Bank of China (PBOC) showed on Wednesday. That's lower than 1.85 trillion yuan expected by analysts surveyed by Reuters and also . . .
Sign In or Subscribe To Get Full Access.Â
LIMITED-TIME OFFER! DON'T MISS OUT!
Join us for real-time updates on the Chinese economy and financial market every trading day, with details and data you don't see anywhere else.
We’re committed to delivering value through our three-tier service:
- Real-time updates throughout trading hours, providing quick brief updates as the market moves.
- In-depth feature stories with data-driven analysis on key news and events of the day.
- China Market Weekly Recap, sent every Saturday, offering a comprehensive review of the week’s top stories and market trends.
Only want China Market Weekly Recap for now? Get it Here