China bank loans to slow as lenders rapidly exhaust annual quotas
(WorldNews China)

Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs climb further in the world’s second-largest economy. Beijing’s crackdown on riskier lending has already stretched financing costs and hurt profit margins. Analysts estimate banks have used 80 per cent of their yearly credit quota over January to June, versus the usual 60 per cent,......