China’s November Credit Growth Remains Slow on Weak Confidence
- Government bond issuance has eased amid liquidity concern
- Annual policy meeting hints at stable credit expansion in 2024
The People's Bank of China in Beijing.
Source: Bloomberg
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China’s credit supply expanded at a low pace in November, while weak corporate borrowing and the slow rate of money supply expansion worried economists.
Aggregate financing, the widest measure of credit provided to the economy, rose 9.4% compared to the same month last year, the People’s Bank of China said Wednesday. That continued a streak of single-digit growth recorded this year, compared with the double-digit expansion that was normal in previous years.