Skip to content

China’s Credit Growth Rebounds After Slowing for Almost a Year

  • Stock of outstanding credit rises 10.1% to 312 trillion yuan
  • Banks made 1.27 trillion yuan of new loans in November
Updated on

China’s credit growth picked up in November, boosted by faster sales of corporate and government bonds and a slight easing of property-related lending.

Credit growth may be starting to pick up after the pace of expansion slowed almost continually since late 2020 as authorities reined in borrowing to reduce financial risks. The PBOC recently signaled an easing shift with its decision to cut banks’ reserve requirement ratio and inject 1.2 trillion yuan of liquidity into the economy.