Global Macro Service > Research Briefings > China

Increase in credit growth will support the recovery

The pickup in credit growth so far this year has been in line with the mandate given during the May National People’s Congress (NPC) meetings and recent policy easing measures. Bank lending gained speed, and nonbank lending (including “shadow banking”) has turned the corner. However, in a confusing move, the PBoC allowed interbank interest rates to rise since end-May.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below