China’s Credit Growth Weakest on Record as Demand Remains Subdued

(Bloomberg) — China’s credit growth hit a record low in June, highlighting subdued borrowing demand and prompting a central bank-backed publication to downplay concerns about weakness in the economy.

The stock of aggregate financing — a broad measure of credit — expanded 8.1% from a year ago, the slowest on record in data going back to 2017, official figures released on Friday show.