Rmb loan contraction signals Chinese corporate caution
Slowed corporate loan activity reflects slowing domestic demand. September data will be key to reveal the impact of the government’s loan interest subsidies.
Monthly Renminbi loan growth witnessed another weak month in August at Rmb590 billion ($82.9 billion), versus consensus expectations of Rmb700 billion, according to statistics compiled by Bank of America (BofA) global research.
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