China’s Credit Expansion Misses Forecast as Loan Demand Sags

China's total social financing, a broad measure of credit in the economy, grew 8.1 percent in August compared to the same month last year, according to data released by the People's Bank of China. Household borrowing and enterprise loans both declined from their August 2024 levels. Government bond issuance provided some offset to the decrease in private credit.

Next story