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20th Jul 2022 15:05China+, Daily Monitor

China’s loan prime rates were left unchanged on Wednesday, continuing the PBoC’s passive streak.

Monetary easing would have little effect at the moment, with loan demand falling.

Credit is increasingly being used to plug balance sheets, rather than support productive activity.

bond issuance credit government homebuyers July June liquidity liquidity injections loans local government local governments March May mlf MLF rate monetary policy mortgage mortgage lending pboc policy policy rates real estate rmb special bond

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Keywords for: 21 July 2022 China+ Monitor

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