China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters
China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters

Evergrande crisis weighs on China’s credit growth as financing, lending activities cool

  • Aggregate financing was 2.9 trillion yuan (US$449 billion), the People’s Bank of China (PBOC) said on Wednesday, compared to 2.96 trillion yuan in August
  • Financial institutions offered 1.66 trillion yuan of new loans, up from 1.22 trillion yuan in August, after Economists had projected 1.81 trillion yuan

China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters
China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters
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