China Credit Growth Rebounds as Monetary Easing Spurs Loans
- Aggregate financing, new yuan loans beat economists' estimates
- Data suggests monetary easing is starting to kick in
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China’s broadest measure of new credit exceeded estimates in September, suggesting the government’s efforts to boost lending are gaining traction.
Aggregate financing rose to 1.3 trillion yuan ($205 billion), from an originally reported 1.08 trillion yuan in August, according to a report from the People’s Bank of China. That exceeded the median estimate for 1.2 trillion yuan in a survey of economists.