Pursuits
China Credit Expands Most Since March on Robust Mortgage Lending
- Aggregate financing rose to 1.74 trillion yuan in November
- Credit supply remains robust even amid property market curbs
This article is for subscribers only.
China’s broadest measure of new lending jumped the most since March, boosted by borrowing for home loans and a resurgence of shadow-banking activity.
The surge in new credit comes as the economy shows further evidence of strengthening. While policy makers are taking steps to rein in bubbles, credit-fueled acceleration is gathering pace as old smokestack industries regain momentum. President Xi Jinping is certain China will achieve its major economic goals this year, according to a statement released Friday.