China's credit growth in November stays muted on low demand

Financial institutions extended ¥392 billion ($55.6 billion) of new yuan loans in the month, falling short of economists' median forecast of ¥450 billion , based on data released by the Household loans contracted for a second straight month in November, the first time in data going back to 2005, indicating a prolonged period of net repayment of debt from residents. A bleak job market and deteriorating housing market means individuals are focusing on paying down their debt, which threatens to slow growth fu ...