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PBOC governor Pan Gongsheng signals slower credit growth and offshore FX push
People's Bank of China governor Pan Gongsheng signalled a structural moderation in China's credit trajectory on Tuesday, saying it would be both difficult and unnecessary for credit growth to sustain the pace seen in previous cycles, in comments that carry significant implications for domestic monetary policy and global demand expectations. The remarks represent one of the clearest official acknowledgements that the era of debt-driven Chinese growth is being deliberately wound back rather than simply paused. For markets long accustomed to reading Chinese credit data as a leading indicator of commodity and industrial ... (full story)
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- Jun 16, 11:01pm | 3 hr ago Posted byFundamental Analysis660
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- From ons.gov.uk|1 hr 28 min ago|16 comments