Chinese banks extended US$94.5 billion in new net loans in October. Photo: AP

China’s surging pork prices leave limited leeway for interest rate cut to support growth

  • Surging pork prices pushed China’s consumer price index to a nearly eight year high, making the central bank reluctant to act even as the economy slows further
  • China is also not giving up its deleveraging programme to reduce debt and risky lending, limiting funding to consumers and small businesses
Topic |   China economy

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Chinese banks extended US$94.5 billion in new net loans in October. Photo: AP
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