Apr
14
China’s New Credit Rebounds as PBOC Keeps Up Monetary Easing
ByChina’s broadest measure of new credit rose far more than expected last month, signaling that central bank stimulus is stabilizing the world’s second-largest economy.
Aggregate financing was 2.34 trillion yuan ($360.7 billion) in March, the People’s Bank of China said, far exceeding the median forecast of 1.4 trillion yuan in a Bloomberg survey. New yuan loans were 1.37 trillion yuan, compared with an estimate of 1.1 trillion yuan…
China’s New Credit Rebounds as PBOC Keeps Up Monetary Easing