You are here

Lending in China falls to its lowest since 2008

But central bank says lending still in 'reasonable range'
Thursday, August 14, 2014 - 06:00

[HONG KONG] Chinese lending unexpectedly and dramatically slowed in July to the lowest level since the depths of the global financial crisis, with a weak property market appearing to drive down demand for loans despite recent moves to ease credit. Total social financing, a broad measure of new