China November credit growth belies slowdown, economists say

Credit conditions in China continued to tighten last month, leading economists to anticipate cuts to the central bank's reserve requirement ratio for lenders in the short-run in order to provide liquidity and - eventually - allow a weaker currency as well. New bank lending picked-up from 663bn yuan in October to 1.12trn yuan (consensus: 800bn yuan) for November, according to the People's Bank of China. Likewise, so-called Total Social Financing, a broader measure of financing preferred by the ...

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