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China's credit growth fell short of market expectations in November despite improvements from a month earlier, highlighting the need to launch more measures to expand credit demand and stabilize the economy, experts said on Tuesday.
On December 13, at Aodechuan Automation Technology Co., Ltd. in Zhangshu City, Jiangxi Province, the staff of Yichun Zhangshu Sub-branch of Bank of Jiangxi came to the door to promote the financial preferential policies to the person in charge of the company (middle). "Supported by the monetary and credit-side policies, the credit and social financing data in November both improved month-on-month, and the demand for credit in the real sector has picked up, but it is still at a relatively low level in history.
Key Party meeting maps direction, major tasks for development next year
People's Bank of China announced on Friday that it would cut the RRR for financial institutions by 0.25 percentage point on Dec 5.
The Land Transport Authority (LTA) has withdrawn a warning issued to a taxi driver for failing to search his vehicle for a wallet accidentally left behind by his passenger. Read more at stomp.straitstimes.com