Tuesday, October 17, 2023
Chinese Corporate Borrowing Slumped Last Quarter, China Beige Book Says
Tom Hancock
Chinese corporate borrowing growth slumped in the third quarter, according to China Beige Book International, which expects policymakers to shy away from rolling out any major stimulus to boost credit.
A new China Beige Book survey found that borrowing among Chinese companies in the July-to-September period was the second lowest in data going back to 2012. The poll was based on feedback from more than 4,000 local firms.
Bloomberg