News Snapshot:
A leading Chinese economist says levels of real credit demand remains insufficient, as well as called for adjustments to the country’s COVID-19 measures. Dong Ximiao (董希淼), researcher from the Fudan University Financial Research Academy and chief researcher at the Zhongguancun Internent Finance Research Academy, says that real demand for credit has diminished in the Chinese economy since the start of 2022. “Looking at recent financial data and real surveys, problems such as insufficiency of effective credit demand amongst Chinese enterprises and households have worsened,” said Dong in an article written for state-owned media. “This is the result of complex and...
