China Credit Growth Misses Expectations as New Loans Shrink The latest data on China's credit growth is a sobering reminder that even the world's second largest economy is not immune to slowing down.
In October, new loans in China shrunk for the first time since 2008, missing market expectations and sparking concerns about the health of the country's banking system.
Understanding China's Credit Growth: What Went Wrong China's credit growth has been a significant driver of its economic expansion over the past decade.