Logo 16 May 2022

Credit growth retrenched in April

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China’s central bank released monthly credit data for April late on Friday.
The headlines:

Net new total social financing (TSF) hit RMB 910 billion last month, versus the consensus forecast of RMB 2.2 trillion.
Net new bank loans were RMB 645 billion in April, lower than the forecasted RMB 1.5 tril...