Economics
China’s Credit Rebounds as Stimulus Helps Boost Loan Demand
- Aggregate financing rose to 1.02 trillion yuan in November
- M2 money supply growth was 13.7% from a year earlier
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China’s broadest measure of new credit rebounded in November, signaling that the economy continues to stabilize as fresh rounds of government easing help to boost demand for loans.
Aggregate financing rose to 1.02 trillion yuan ($158 billion) in November, according to a report from the People’s Bank of China on Friday. That compared to the median forecast of 970 billion yuan in a Bloomberg survey.