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China Likely to Introduce Looser Credit: Herald

CHINA PRESS
MNI (Singapore)

China is likely to inject looser credit in the rest of this year, with social financing expected to rise faster relative to nominal GDP, the 21st Century Business Herald said in a commentary. The economy's credit demand will likely improve after the central bank this week reported weaker-than-expected September loan data, as weakening internal activities reduced credit needs, said the newspaper. However, corporate and government bond issuances are all likely to rebound, the newspaper said. Infrastructure investment is likely to strengthen through early next year as the government's cross-cycle policies kick in, increasing social financing demand, while exports will continue to outperform, said the newspaper. The country's domestic circulation has large potential and maneuverability, said the herald.

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