Econ and Finance - 12 Aug 2020

The credit growth curve continues to bend

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The central bank (PBoC) dropped the monthly lending data for July late on Tuesday.

The headline: The pace of credit growth continues to level off.

The key number:

 Overall credit grew by 12.9% y/y – up one tick from 12.8% growth in June.

Some context: As the COVID-19 lockdown lifte...


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