MNI with a commentary piece from Xinhua news Agency:

  • China's credit surge does not mean a restart of massive stimulus
  • Says policymakers are more than aware of the consequences of such a short-sighted program
  • China is still addressing the side effects of the previous stimulus package such as overcapacity


  • The 2016 measures to stabilize growth, the start of numerous infrastructure projects, recovering commodities prices also led many firms to start replenishing their inventories
  • So the credit boom in the first quarter is unlikely to last long as these factors were temporary and seasonal