China's July loans reached a 15-year low, down 88% from the previous year at 260bn yuan.

China's new loans reached a 15-year low in July, 88% lower than the previous year at 260 billion yuan ($36.28 billion). Factors including a crackdown on "self-circulating" practices and weakening credit demand contributed to the decline. While some analysts advise against panic, citing seasonality and regulations, the Chinese economy still indicates sluggishness with low outlooks from households and corporations.

August 16, 2024
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