Global Banking Monitor

Monday, September 16, 2024

Stripe employees get to sell $1bn of shares

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Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...
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China’s Credit Demand Shows Signs of Weakness, Indicating a Slowing Recovery

By Pete Sadler
Photo by Ralph (Ravi) Kayden on Unsplash

China’s credit demand weakened in May as the economy’s recovery lost steam, adding to reasons for the central bank to boost stimulus to spur growth.

Aggregate financing, a broad measure of credit, was 1.6 trillion yuan ($224 billion) in May, the People’s Bank of China said Tuesday, lower than the median estimate of 1.9 trillion yuan in a Bloomberg survey of economists.

Read More : China’s Credit Demand Shows Signs of Weakness, Indicating a Slowing Recovery

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