China: Aggregate financing slumped in May - Nomura | Forex ...
Jun 13, 2018 · The slump in aggregate financing shows that Beijing's deleveraging drive has inflicted real pain on China's shadow banking sector, and the impact will likely linger despite Beijing's recent softening tone on deleveraging." "We think the chances of an RRR cut in the next few months increase as the PBoC aims to stabilise credit growth."
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