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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