China’s slower loan growth is emerging as a new normal as weakening property and local government sectors reduce credit demand faster than emerging industries can make up for it, PBOC Governor Pan Gongsheng said. Although new bank lending recovered in August from July’s record contraction, it remained below market expectations, with weak household and business borrowing continuing to weigh on overall credit growth.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.