China’s Credit Remains Subdued Despite Central Bank Lending Push

The PBOC ramped up its monetary easing recently and authorities loosened restrictions on property financing to help bolster the fragile economy.

(Bloomberg) — China’s credit expanded at a slightly slower pace than expected in November after plunging in the previous month, despite efforts by the central bank to boost lending and ease restrictions on property loans.

Aggregate financing, a broad measure of credit, was 2 trillion yuan ($287 billion) last month, the People’s Bank of China (PBOC) said Monday, marginally below the median estimate of 2.1 trillion yuan in a Bloomberg survey of economists.