BEIJING—Chinese credit growth slowed in the second half of last year, according to new data released Wednesday, but that did little to dent a buildup of debt that has left the nation’s financial system increasingly vulnerable.
The People’s Bank of China on Wednesday said new credit issued in the Chinese economy fell by 10.7% to 7.135 trillion yuan (about $1.18 trillion) in the second half of 2013 compared with the year-earlier period. But for all of 2013, overall credit rose 9.7% to 17.29 trillion yuan compared with 2012….
The rest is here: Growth of Credit Slows in China
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