Economics
China’s Credit Growth Stayed Robust in September on Recovery
- Government bond issuance drove strong credit performance
- Economic recovery momentum may have gained in September
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China’s credit continued to grow robustly in September, reflecting government efforts to add stimulus and stronger demand as the economic recovery continues.
Aggregate financing was 3.48 trillion yuan ($517 billion), the People’s Bank of China said on Wednesday, higher than the median estimate by economists. That compares to 3.58 trillion yuan in August and 2.51 trillion in September last year.