Credit Growth In China May Decelerate To 15-Year Low

Credit Growth In China May Decelerate To 15-Year Low

As it turns out, the PBoC didn't just instruct banks to rein in lending for a quarter, as FT suggested last week. Rather, Beijing told banks to "curtail loan growth for the rest of this year," Bloomberg reported on Tuesday. Lending should be maintained at around the same level versus 2020, the PBoC told banks at a March 22 meeting, the ubiquitous people familiar with the matter said. Over the weekend, I explained why this is notable, in case it's not obvious. Over the years, the global economi
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3 thoughts on “Credit Growth In China May Decelerate To 15-Year Low

  1. I think many/most are being too optimistic on the prospect of a major infrastructure bill passing. Mitch McConnel, paraphrasing John Paul Jones, has not yet begun to fight. The fact that Mitch too is standing on a sinking ship will similarly leave him undeterred.

    1. Mitch is a forgone conclusion to oppose it, as publicly and outrageously as possible. All roads now lead to West Virginia (somebody help me with a country roads joke)

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