Pan Gongsheng says slower Chinese loan growth is becoming normal
China’s central bank governor Pan Gongsheng said slower loan growth is becoming the new normal, citing weaker credit demand from property and local government areas. He spoke after data showed new loans rebounded.
China’s slower loan growth is becoming the new normal as shrinking property and local government sectors are weakening credit demand faster than emerging industries can replace it, central bank governor Pan Gongsheng said. The comments, published on Wednesday, came after data showed new loans rebounded in A…