CHINA TOPIX

China Reports Moderate Credit Expansion: Assuages Debt Binge Concerns

Rina S.   |

May 14, 2016 04:54 PM EDT

China has reported a sharp reduction in its lending last month, after concerns were raised about high credit surge in the first quarter of the year. The country's broadest measure of new credit showed less than expected numbers, suggesting that the central bank may have tempered borrowing requests.