September credit grows at slowest pace ever
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Credit grew at its slowest pace on record in September.
According to the central bank’s (PBoC) monthly credit data, released on Monday, outstanding total social financing (TSF) grew 8.0% y/y last month, down from 8.1% in August.
Outstanding RMB loans grew 8.1% y/y, down from 8.5% in August.
Net ne...