Complex, severe, and uncertain
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Even the central bank (PBoC) found the April credit data disconcerting (see previous entry).
On Friday, the agency published a Q&A explaining why lending growth was so weak. It said:
“Due to the increased impact of the pandemic on the economy, as well as rising costs and shortages, difficulties...