China’s Credit Growth Picks Up on Seasonal, Government Boost
The PBOC has maintained its drip-feed approach to revitalizing a fragile economy.
Source: Bloomberg
China’s credit expansion picked up more than expected from a year ago in January, boosted by strong government bond sales as well as seasonal factors driving financing activities.
Aggregate financing, a broad measure of credit, increased 7.2 trillion yuan ($1 trillion), according to data released by the People’s Bank of China on Friday. That surpassed a median forecast of 7.1 trillion yuan by economists in a Bloomberg survey.