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BNP Paribas Asset Management

2023 Top 500 ranking: 34

China’s credit growth shows signs of recovery

China’s credit growth shows signs of recovery

Despite Beijing’s pledge to ease monetary policy further, financial markets are sceptical about how effective this would be in boosting economic growth. One notable concern is the growing gap between M1 narrow money and M2 broad money growth, which suggests that economic agents would rather save than spend.

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