Apr
14

China’s New Credit Rebounds as PBOC Keeps Up Monetary Easing

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China’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

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