China’s ‘Pretty Evident’ Credit Slowdown May Bode Ill
According to various sourced reports, directives aimed at curtailing "bubble" risk presage the slowest Chinese credit growth since at least 2006.
Concerns about pockets of excess in the property market and various other manifestations of potentially perilous speculation prompted authorities in Beijing to instruct banks to maintain lending at around the same level versus 2020.
If banks adhere to the PBoC’s guidance, it could mean the pace of credit growth would slow to a 15-year nadir.
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And now it seems, where China is going is the digital Yuan. Now that may be fun.
“So goes China, so goes the world”, so what is the lag time on that?