Credit growth in the world's second largest economy expanded by its most in 12 months in March, new data from the central bank show.
Aggregate financing, the broadest measure of Chinese credit available (including "shadow banking"), more than doubled from Rmb938.7tn in February to Rmb2.07tn ($303bn) last month - about 12 per cent higher than estimates of Rmb1.85tn. This is the highest figure since March 2013.
New loan growth in the month was Rmb1.05tn, just ahead of estimates at Rmb1tn. February loan growth was Rmb644.5bn.
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