China stares at bigger than expected slowdown as credit shrinks: Analyst

Total credit in the country, including lending to companies, has 'absolutely collapsed' in 2018, says analyst

China is staring at a bigger-than-expected slowdown next year as credit shrinks, said an analyst who made her name warning about the dangers of the nation’s credit binge.

Total credit in the country, including lending to companies, has “absolutely collapsed” in 2018, according to Charlene Chu, a senior partner at Autonomous Research in Hong Kong. The estimate is a calculation by Chu, who adjusts official figures with elements she didn’t share.

“Even though we have been technically in an easing mode since July, we have not seen this transmitting,” Chu said in an interview with Bloomberg TV on Tuesday, referring