Finance

credit demand china: Chinese banks overflow with cash that nobody wants to borrow

Chinese authorities are facing an uphill battle convincing companies and households to boost borrowing. After loan growth weakened in April to the worst level in almost five years, several indicators suggest the data for May won’t be much better. Housing sales have continued to slump, indicating a lack of appetite for mortgages and subdued credit demand among developers and sectors linked to the property industry.

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