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China’s slower loan growth is the new normal, central bank governor says

Pan Gongsheng said 280 trillion yuan in outstanding loans are tied to shrinking property and local government sectors as bond and equity financing grow.

Summary by WTVB
BEIJING, Sept 16 (Reuters) - China's slower loan growth is becoming the new normal as shrinking property and local government sectors sap credit demand faster than emerging industries can fill the gap, ​central bank governor Pan Gongsheng said. The com...

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China's slower loan growth is the new normal, central bank governor says

·London, United Kingdom
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[Cable News] Pan Gongsheng, Governor of the People's Bank of China, stated that slower loan growth and improved loan quality may become the new normal, and there is no need to maintain the past growth rate. Pan Gongsheng published a signed article in Qiushi Journal.

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BizToc broke the news on Wednesday, September 16, 2026.
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