Chinese net new loans fell by ~50 billion Yuan in July, the first decline in 20 years.
Chinese net new loans fell by ~50 billion Yuan in July:China has reported its first contraction in net new bank loans since 2005, with borrowings shrinking by nearly 50 billion yuan in July. The drop, driven by households and companies repaying debt instead of taking new loans, signals weakening economic momentum. Compared to an expansion …