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China’s credit tightening measures to put pressure on property, local government financing vehicles

Summary:
[unable to retrieve full-text content]China may have started to rein in the pace of credit growth at the start of 2021 as December’s financial data fell below market expectations, and with policymakers signalling that they are leaning toward tapering off the expansionary monetary policy conducted last year.Weak financial data released by the People’s Bank of China (PBOC) on Tuesday has reinforced the belief held by many analysts that the central bank has started to gradually tighten credit.However, to ensure financial stability and…

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[unable to retrieve full-text content]
China may have started to rein in the pace of credit growth at the start of 2021 as December’s financial data fell below market expectations, and with policymakers signalling that they are leaning toward tapering off the expansionary monetary policy conducted last year.Weak financial data released by the People’s Bank of China (PBOC) on Tuesday has reinforced the belief held by many analysts that the central bank has started to gradually tighten credit.However, to ensure financial stability and…

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