Caixin
Jun 10, 2022 11:36 AM
FINANCE

In Depth: China’s Struggle to Rev Up Credit Demand

Lack of credit demand could severely hinder economic expansion as individuals and businesses are reluctant to take out loans.
Lack of credit demand could severely hinder economic expansion as individuals and businesses are reluctant to take out loans.

China’s policymakers are facing an uphill battle to revive borrowing demand, as the country slowly emerges from Covid-19 lockdowns that shattered consumer and business confidence.

The lull in borrowing became more pressing following the release of dismal credit data for April, even as the central government deployed a series of easing measures including cutting interest rates in a bid to bolster the sluggish economy.

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