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13th Nov 2023 17:40China+, Daily Monitor

  • China’s credit expansion was lukewarm in October, apart from government-bond issuance.
  • The slump in net household long-term loans exaggerates the weakness in the residential market.
  • China is likely to rely on fiscal stimulus to stabilise growth, giving sentiment time to rebuild.

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Keywords for: 14 November 2023 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence