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China Total Social Financing To Surge in January: Journal

MNI (Singapore)

China’s new yuan loans and aggregate financing are expected to surge this month as credit demand picks up with banks’ increased lending capacity following RRR cuts as well as accelerated infrastructure investment amid the early issuance of government bonds, the China Securities Journal reported citing Zhou Maohua, a researcher at China Everbright Bank. The growth rate of aggregate financing has risen for a second month in December with monetary policies supporting carbon emission and tech innovation as well as increased fiscal spending, the newspaper said citing analysts.

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