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China bank loans down to lowest in a year, but broader credit growth quickens

Summary:
[unable to retrieve full-text content]China’s new bank loans fell more than expected in October to their lowest in a year, but the drop was likely seasonal and policymakers are expected to maintain solid support for the economy as the global pandemic drags on.Authorities have stepped up support for cash-starved smaller companies after a record coronavirus-induced slump early in the year.rBut while China’s economy is recovering quickly from the health crisis, surging infections in Europe and the United States are clouding the global…

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[unable to retrieve full-text content]
China’s new bank loans fell more than expected in October to their lowest in a year, but the drop was likely seasonal and policymakers are expected to maintain solid support for the economy as the global pandemic drags on.Authorities have stepped up support for cash-starved smaller companies after a record coronavirus-induced slump early in the year.rBut while China’s economy is recovering quickly from the health crisis, surging infections in Europe and the United States are clouding the global…
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