China Panics: Sends Fiscal Spending Through The Roof As Credit Creation Tumbles

Thursday, November 12, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/12/2015

In a sign that the slowing economy, rising bank NPLs, and lackluster demand for credit from overleveraged corporates is overwhelming Beijin’s easing efforts, China’s October loan growth data came in far weaker than expected in yet another sign that all is most certainly not well with the world’s engine of global growth and trade. Meanwhile, fiscal spending soared as it now appears Beijing may have no choice but to go the helicopter route if it hopes to reignite growth.

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