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CNY bearish: China’s confidence plummets as outstanding loans hit record low
CNY bearish: China’s confidence plummets as outstanding loans hit record low
  • China's outstanding loans dropped from a 9.6% rise in April 2024 to 9.3% in May.
  • 9.3% is the lowest figure ever recorded for the country’s monthly outstanding loans data.
  • Also out today, China's new yuan loans amounted to 950 billion yuan, less than half the 2250 billion expected.
June 14, 2024

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