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China’s credit growth slowed sharply amid trade war, adding pressure on Beijing to ease further

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China's credit growth slowed across the board in July, with banks granting sharply fewer new loans, while money supply and total social financing also growing at significantly slower pace, fuelling expectations that Beijing will have to step up monetary easing measures to boost the weakening economy amid escalating trade tensions with the US.

Chinese banks extended 1.06 trillion yuan ($150.06 billion) in new yuan loans in July, according to data released by the People’s Bank of . . .

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