Credit spreads

10 January 2013 By John Foley

Bank loans made up just half the economy’s financing in 2012, while long-term corporate lending contracted sharply in December. It’s now off-balance sheet finance that drives China’s growth. That makes monetary data less useful, and creates new risks when credit goes wrong.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)