Economics
China’s February New Credit Plunged From Prior Month Record
- Aggregate financing fell to 780.2 billion yuan, below forecast
- Money supply increased 13.3%, People's Bank of China data show
This Weekend in China: a Double Dose of Data
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China’s broadest measure of new credit dropped sharply after a record surge a month earlier.
Aggregate financing was at 780.2 billion yuan ($120 billion) in February, according to a report from the People’s Bank of China on Friday, compared with the median forecast of 1.84 trillion yuan in a Bloomberg survey. New yuan loans were 726.6 billion yuan, compared to the estimate of 1.2 trillion yuan.