Credit growth slows despite jump in corporate lending
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On Tuesday, China’s central bank (PBoC) released credit data for December.
The headlines:
Net new total social financing (TSF) hit RMB 1.31 trillion, versus the consensus forecast of RMB 1.85 trillion.
Net new bank loans were RMB 1.4 trillion, higher than the forecast of RMB 1.2 trillion.
Credit g...