China's new bank loans hit highest for November, total social financial slowed for first time this year

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China’s credit growth remained robust, with new bank loans hitting a new record high for the month of November, though the growth of total social financing slowed down for the first time this year, prompting some analysts to call a turning point for China's credit cycle.

Chinese banks extended 1.43 trillion yuan ($218.96 billion) in new yuan loans in November, showed data released by the People's Bank of China (PBOC) on Wednesday, marking the highest for the month of November, compared to 689.8 billion yuan in October. Lending usually rebounds after . . .

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