Reported 7 months ago
China's credit cycle, once a major force driving industries and markets globally, is now slowing down, with data forecasts indicating a slight increase after a contraction in April. Policymakers in China are shifting focus towards sustainable growth strategies that don't heavily rely on debt expansion, such as high-tech manufacturing. The People’s Bank of China has shown no intention of increasing lending, as there's little demand for credit due to the real estate crisis. If successful, this shift may diminish the significance of Chinese debt as a leading indicator for the country's business cycle and global commodity markets, marking a significant change from the past 15 years.
Source: YAHOO