New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg
New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg

China to ensure ‘appropriate money growth’ after credit, economic slowdown

  • China’s economy decelerated more than expected in July, with the Delta variant hitting retail sales and curbs on pollution and property weighing on production
  • New credit expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking and government bond issuance

Topic |   China economy
New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg
New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg
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