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The scale of new credit in January is...>

CHINA PRESS
MNI (London)
CHINA PRESS: The scale of new credit in January is expected to exceed CNY3
trillion, boosted by a number of policies introduced to support credit
expansion, along with the PBOC's intention to keep liquidity ample over the
Chinese New Year, said Securities Daily on Thursday citing analysts.
- While Zhang Jun, chief economist at Morgan Stanley Huaxin Securities remains
concerned whether credit growth will stabilise after January, as weaker
employment and income may discourage residents from increased borrowing, while
firms have low appetite to expand production due to poor cash flow and
profitability, the Daily said.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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