China to ensure ‘appropriate money growth’ after credit, economic slowdown


New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg


New credit in China expanded in July at the slowest pace since February 2020, driven by a sharp slowdown in shadow banking, government bond issuance and tighter rules for property developers’ financing. Photo: Bloomberg