China central bank aims for "reasonable" credit growth

[BEIJING] China central bank said on Tuesday that it will use a variety of policy tools to keep liquidity conditions appropriate and maintain "reasonable" growth in credit and social financing.

The central bank, which made the comment after data showed March new loans beat market expectations but money supply growth slowed, also said borrowing costs for companies continued to fall and financing conditions were improving.

The proportion of direct financing in the country's total social financing has increased while trusts and high-cost borrowing fell, it added.

REUTERS