Correct the record
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Financial papers are largely saying credit decelerated in May. They are wrong.
In reality, credit growth accelerated a touch in May to 12.9% y/y — compared to 12.8% in April.
So what? The tiny acceleration underscores that credit growth has been exceptionally stable in recent months. Under...