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UPDATE – China’s credit growth slowed in April, monetary support expected to pick up after trade tension escalation

China's credit growth slowed significantly in April after a record expansion in the first quarter, dragged by slower bank lending to the corporate sector and faster declines in off-balance sheet financing.

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.

Analysts say that the central bank ikely have to step up support for the economy as trade tensions escalate, shifting to marginally loosen monetary policy from marginal tightening after upbeat economic data so far this . . .

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