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<Research>G Sachs Cuts CN 2026 Full-Yr Total Social Financing Growth to 8.5%
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China's credit data for March came in below market expectations due to weaker-than-expected bank loan issuance, Goldman Sachs' research report said. After seasonal adjustment, shadow banking credit also declined from February. The slowdown in lending was broad-based, with both household and corporate loan expansion decreasing YoY. On a YoY basis, money supply growth slowed from February, possibly related to a moderation in the pace of fiscal spending. In light of softer-than-expected credit growth in China yesterday (13th), Goldman Sachs lowered its forecast for China's 2026 full-year total social financing growth to 8.5% YoY, compared to the previous forecast of 8.8% YoY. Auto-translated by AI AASTOCKS Financial News |
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