China Credit Demand Weakens In Fresh Sign of Waning Recovery
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China’s credit demand weakened in May as the economy’s recovery lost steam, adding to reasons for the central bank to boost stimulus to spur growth.
Aggregate financing, a broad measure of credit, was 1.6 trillion yuan ($224 billion) in May, the People’s Bank of China said Tuesday, lower than the median estimate of 1.9 trillion yuan in a Bloomberg survey of economists.