Credit growth slowdown to continue
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Credit in March expanded at its slowest pace on record.
According to the central bank's (PBoC) monthly credit data, released on Friday, the outstanding value of total social financing (TSF) grew 8.7% y/y in March, down from 9.0% in February.
TSF records began in 2017.
Net new TSF was RMB 4.9 trill...