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Evergrande crisis weighs heavily on China’s credit growth


China’s credit growth slowed in September, as weakness in the property market amid the Evergrande crisis weighed on financing and lending activities, despite the central bank’s call to stabilise credit expansion.Aggregate financing was 2.9 trillion yuan (US$449 billion), the People’s Bank of China (PBOC) said on Wednesday. That compares to 2.96 trillion yuan in August and 3.47 trillion yuan in September last year.The median estimate in a Bloomberg survey of economists was for 3.05 trillion yuan…

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