China's yuan loans ease as aggregate financing climbs

01/10/2013 | Bloomberg

A worrisome shift to nonbank credit in China is evident in the latest loan data, with new local-currency loans down more than expected in December while aggregate financing -- which includes nonbank lending -- climbed to 1.63 trillion yuan from 1.27 trillion yuan a year before. The apparent new dependence on shadow banking, the International Monetary Fund says, poses "new challenges to financial stability."

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