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How Is China’s Credit Growth Outlook?

Annie Gilroy
How Is China’s Credit Growth Outlook?

Can Iron Ore Catch a Bid amid China’s Wobbly Growth Outlook? Aggregate financing in China (MCHI), which reflects the total funds provided by a financial system to its nonfinancial sectors and households, showed an uptick in June but still fell short of expectations. Aggregate financing grew to 1.18 trillion Chinese yuan in June compared to 761 billion yuan in May.