China’s Credit Growth Misses Expectations as New Loans Contract

China’s credit expansion slowed far more than expected from a year earlier in April while new loans extended by the country’s banks shrank, hurt by a seasonal slowdown in lending.

By Charlie Zhu, Yujing Liu, Fran Wang · Bloomberg Markets

China’s credit expansion slowed far more than expected from a year earlier in April while new loans extended by the country’s banks shrank, hurt by a seasonal slowdown in lending.