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ICYMI - China's plunging loan growth reflects weak loan demand & the weak economy
Data from China on Thursday ICYMI:
Overall credit growth (aggregate financing) was only CNY907.9 bn in October
- compared with September of CNY3530 bn
- October 2020 was CNY1617.6 bn
- mortgage loans grew only CNY33.2 bn.
These are very weak numbers indeed. October (and Q4 as a whole) is seasonally a slow time but these results are way worse than that.
Bank loans are up by their smallest in almost five years. Capital Economics note that the data... Read More
Posted: Nov 10 2022, 22:21
Author Name: forexlive
Views: 102031