China Credit Growth Falls as Tepid Economy Dents Loan Demand

Updated on
  • Data rounds out week of mixed readings from trade to output
  • Aggregate financing was lower than all 25 economist forecasts

China’s Unstimulated Economy Dents Loan Demand

China’s broadest measure of new credit slumped to the lowest in 15 months in October, adding to evidence six central bank interest-rate cuts in a year have yet to spur a sustained pick up in borrowing.

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