The People's Bank of China is reluctant to resort to a major stimulus to address short-term fluctuations in economic data. Photo: Reuters The People's Bank of China is reluctant to resort to a major stimulus to address short-term fluctuations in economic data. Photo: Reuters
The People's Bank of China is reluctant to resort to a major stimulus to address short-term fluctuations in economic data. Photo: Reuters

Slowdown in mainland loans as Xi Jinping stresses 'new normal' growth

Response from Beijing and Xi's 'new normal' growth indicate that the authorities are comfortable with the way the economy is performing

The People's Bank of China is reluctant to resort to a major stimulus to address short-term fluctuations in economic data. Photo: Reuters The People's Bank of China is reluctant to resort to a major stimulus to address short-term fluctuations in economic data. Photo: Reuters
The People's Bank of China is reluctant to resort to a major stimulus to address short-term fluctuations in economic data. Photo: Reuters
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