BEIJING : China reported unexpectedly strong credit growth for February, with money supply expanding at the fastest pace in nearly 7 years, as Beijing looks to support a nascent economic recovery amid rising global risks.The government's lifting of harsh pandemic curbs in December and other policy easing
BEIJING : China reported unexpectedly strong credit growth for February, with money supply expanding at the fastest pace in nearly 7 years, as Beijing looks to support a nascent economic recovery amid rising global risks.
TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.Broad M2 money supply grew 12.9 per cent from a year earlier, central bank data showed on Friday, the strongest pace since March 2016. The reading was well above estimates of 12.5 per cent forecast in the Reuters poll and a 12.6 per cent pace in January.Chinese banks extended 1.
Household loans, mostly mortgages, fell to 208.1 billion yuan in February from 257.2 billion yuan in January, while corporate loans fell to 1.61 trillion yuan from 4.68 trillion yuan.
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