China Debt Continues To Grow As Moody's Warns On Shadow Banking Shock

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Rupert Hargreaves
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China

Despite attempts by policymakers to curb risky lending, and slow down rapid debt-fuelled home price growth across the country, China’s debt is still rising, but efforts to curb the Chinese Shadow Banking sector are starting to work. According to a report published last week by Nomura’s China analysts, during the first quarter, Chinese banks extended RMB5.3 trillion in new loans to customers. Mortgage lending was particularly strong with RMB1.9 trillion lent during the first four months compared to 1.5 trillion in the same period last year. Apr new loans rebounded to RMB1.1tn, beating consensus of RMB886bn, with growth recovering to…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk