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China’s slower loan growth is the new normal, central bank governor says
Pan Gongsheng said 280 trillion yuan in outstanding loans are tied to shrinking property and local government sectors as bond and equity financing grow.
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7 Articles
Global Market | China’s slower loan growth is becoming the new normal: PBOC Governor Pan Gongsheng
China’s slower loan growth is emerging as a new normal as weakening property and local government sectors reduce credit demand faster than emerging industries can make up for it, PBOC Governor Pan Gongsheng said. Although new bank lending recovered in August from July’s record contraction, it remained below market expectations, with weak household and business borrowing continuing to weigh on overall credit growth.
·India
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China's slower loan growth is the new normal, central bank governor says
·London, United Kingdom
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[Cable News] Pan Gongsheng, Governor of the People's Bank of China, stated that slower loan growth and improved loan quality may become the new normal, and there is no need to maintain the past growth rate. Pan Gongsheng published a signed article in Qiushi Journal.
Coverage Details
Total News Sources7
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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