Fearing Property Bubble, China ‘Instructs’ Banks To Slow Credit Supply: Report

Fearing Property Bubble, China ‘Instructs’ Banks To Slow Credit Supply: Report

Aside from the prospect of a hawkish Fed, almost nothing causes more furrowed brows among traders and serious market participants than indications that Beijing may be keen to rein in credit creation. Over the years, the global economic cycle has become somewhat synonymous with China's credit impulse. Shifts in Beijing's stance on credit provision are generally not welcome if they're seen as leaning in favor of tighter policy. Early last month, Guo Shuqing, chairman of the China Banking and Ins
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