Business Brief (Oct. 16): China’s Credit Growth Beats Expectations
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
Hot Topics
September social financing exceeds expectations
China’s credit growth beat expectations in September, fueled by a surge in government bond issuance, even as new bank lending undershot forecasts. Total social financing — a broad measure of credit that includes bank loans, bonds, and off-balance-sheet financing — climbed to 3.5 trillion yuan ($495 billion) last month, according to the People’s Bank of China. It topped the 3.3 trillion-yuan average forecast in a Caixin survey of economists.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- China’s September social financing reached 3.5 trillion yuan, exceeding forecasts, while consumer prices fell 0.3% year-on-year and gold prices hit a record $4,218.10/oz.
- U.S. President Trump threatened to halt Chinese cooking oil imports; Apple pledged more investment in China; Beijing aims to double EV charging capacity by 2027.
- China’s NEV exports surged 89.4% to 1.76 million units in nine months; IMF lifted 2025 global growth forecast; AMD received a major AI chip order from Oracle.
AI generated, for reference only
Who’s Who
- BYD Co. Ltd.
- BYD Co. Ltd. is a Chinese company that accounted for nearly 40% of China's new-energy vehicle (NEV) exports in the first nine months of 2025. During this period, China's NEV exports surged by 89.4% year-on-year, reaching 1.76 million units.
- Oracle
- Oracle has placed a substantial order with AMD for its new AI chips. The company plans to deploy 50,000 units of these chips starting next year, indicating a significant investment in AI technology.
- Apple
- Apple CEO Tim Cook met with Minister of Industry and Information Technology Li Lecheng in Beijing. Cook affirmed that Apple plans to increase its investment in China. Li expressed hope that Apple would deepen its presence in the Chinese market and collaborate with local companies on innovation.
- AMD
- AMD (超微半导体) has secured a significant order from Oracle for its new AI chips. Oracle plans to deploy 50,000 units of these chips starting next year, indicating a substantial demand for AMD's AI technology.
- OpenAI
- OpenAI (开放人工智能研究中心) has announced that as of December, it will permit adult content for verified adult users. The CEO noted that content restrictions limit the utility and enjoyment of their models for mentally healthy users. Additionally, a new version of ChatGPT is expected to launch in a few weeks.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新