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China Credit Impulse Set To Collapse As Beijing Orders Banks To Curtail Loan Growth For Rest Of 2021
by Tyler Durden
Tuesday, Apr 06, 2021 - 02:00 PM
One month after global markets underwent a brief hiccup after China’s top banking regulator said he’s very worried about risks emerging from bubbles in global financial markets, Beijing is now looking inward and as the FT and Bloomberg reported, China’s central bank has asked the nation’s major lenders - which are all at least partially state-owned which means it wasn t asked but rather ordered -
to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks.
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