Business
China’s easy credit days are numbered – The Australian Financial Review
Beijing is set to refocus its attention on reining in leverage and Australia will have to adjust.
Thats well down from the 11 per cent-plus pace over April through June as Beijing put the pedal to the metal to resuscitate growth in an economy that contracted 6.8 per cent in the first quarter.
For China watchers, M2 is the number to watch as the PBoC seeks to pull back on excess credit, or growth in M2 thats above the pace of economic growth.
Before the pandemic struck Australias largest trading partner, containing financial risk was one of President Xi Jinpings three battles and the pace of…
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