China's credit expansion surpasses expectations in March due to increased bond offerings

From Yahoo Finance: 2025-04-13 07:43:00

China’s credit expanded more than expected in March as the government increased bond offerings to counter the impact of US tariffs. Net sovereign and local bond financing reached nearly 1.5 trillion yuan last month, the highest for any March since 2017. The punitively high tariffs imposed by the US are starting to have an effect, with retailers suspending orders and shipments. The US exempted smartphones and electronics from tariffs, providing some relief for Chinese exporters. The PBOC is working to lower borrowing costs, with rates for new loans falling. Short-term loans to businesses increased, but investment remains subdued.



Read more at Yahoo Finance: China credit expansion beats forecast on bond sale deluge