China’s Loan Growth Falls to Record Low as Demand Struggles
- Financing and loan growth miss expectations in December
- Credit demand weak amid deflation and slow economic growth
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A measure of loan growth in China increased at the slowest pace on record in December, as weak business confidence continues to weigh on borrowing demand.
Loans made in Chinese currency expanded 10.4% in the month, according to the central bank, the slowest increase in data going back to 2003.