Economics
China’s Credit Growth Accelerates in Boost to Economic Outlook
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China’s broadest measure of new credit rose for a third straight month, suggesting stimulus measures are cushioning a slowdown in the world’s second-largest economy.
Aggregate financing was 2.05 trillion yuan ($328 billion) in January, the People’s Bank of China said in Beijing on Friday, matching economists’ estimates. Trust and entrusted loans, vehicles for shadow lending, dropped from December as local-currency bank lending doubled from a month earlier.