China’s Credit Growth Disappoints Despite Greater Policy Support

China's outstanding loans contracted in October, marking the third contraction this year, according to data from the People's Bank of China. New loan issuance fell below analyst expectations despite multiple interest rate cuts and reserve requirement ratio reductions announced by Chinese authorities in recent months. Weak demand for borrowing from households and businesses persisted despite the policy measures.

• Bloomberg — China’s Credit Growth Disappoints Despite Greater Policy Support

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