China’s credit growth slower than expected in Dec, government financing picked up, corporate credit demand remained weak

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New bank lending in China declined faster than expected in December but lending for the full year of 2021 set a record the world’s second-largest economy gradually steps up policy support to boost economic growth.

Chinese banks extended 1.13 trillion yuan ($177.56 billion) in new yuan loans in December, down from 1.27 trillion yuan in the previous month and missing analysts' expectations, according to data released by the People's . . .