In the second week of May, the net amount of funds that banks raised from selling negotiable certificates of deposit (NCDs) was a negative 107.3 billion yuan ($15.6 billion), meaning they paid back more than they borrowed, according to Wind Information, a financial data provider.Unless there's credit growth elsewhere in the economy offsetting this contraction, the economy will slow later this year.
That’s the biggest weekly shortfall in net issuance since China introduced interbank NCDs at the end of 2013, and the third straight week of redemptions exceeding new issues, the data show. The amount of outstanding NCDs fell to 7.7 trillion yuan as of May 18 from 7.9 trillion yuan at the end of last month, set for the first monthly drop since November, according to Wind.
王毅访新西兰、澳大利亚 双边关系现稳定进展
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中国外交最高级别官员王毅18日访问了新西兰,进行新西兰新保守派政府上台以来的首次访问。他还将于20日访问澳大利 […]...
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