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

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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 . . .

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