China’s credit growth trailed analysts’ estimates in February, signaling a shadow-banking slowdown following a trust investment product’s near default.
Aggregate financing was 938.7 billion yuan ($153 billion), the People’s Bank of China said yesterday in Beijing, less than the 1.31 trillion yuan median estimate of analysts surveyed by Bloomberg News. New local-currency loans were 644.5 billion yuan, accounting for about 69 percent of aggregate credit, the largest proportion since July.
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