China's Bank Loans to the Real Economy Shrink for the First Time in 19 Years

08/14/2024 WION: China's bank loans to the real economy have contracted for the first time in 19 years, signaling a serious slowdown in domestic demand. Households and businesses are more inclined to pay down debt than to invest, a situation exacerbated by the downturn in the real estate sector and the government's crackdown on financial market arbitrage.
#creditcrunch #propertysectorslump #demanddownturn # stimulusmeasures
08/14/2024 世界一体新闻台：中国银行对实体经济的贷款19年来首次出现萎缩，预示着国内需求的严重下滑。家庭和企业更倾向于偿还债务而非投资，房地产行业低迷和政府对金融市场套利的打压也加剧了这一局面。
#信贷紧缩 #房地产低迷 #内需减少 #刺激政策