08/14/2024 WION: China’s bank loans to the real economy have contracted for the first time in 19 years, signaling a serious slowdown in domestic demand. Households and businesses are more inclined to pay down debt than to invest, a situation exacerbated by the downturn in the real estate sector and the government’s crackdown on financial market arbitrage.

#creditcrunch #propertysectorslump #demanddownturn #stimulusmeasures