China's credit growth slowed significantly in April after a record expansion in the first quarter. The data comes after a slew of upbeat data points to economic stabilisation and meanwhile, a heavy credit burst earlier this year has raised concerns on a further rise in bad loans.
Chinese banks extended 1.02 trillion yuan in net new yuan loans, missing forecasts and down from 1.69 trillion yuan in March, shows data released by the People's Bank of China on Thursday.
China’s total social financing (TSF), a broad measure of credit and liquidity in the economy, increased . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In