China’s credit demand remains under pressure, according to Bank of America Securities economists. They note March data show households and firms are still cautious on new borrowing, with added uncertainty from Middle East geopolitical tensions. While

2026-04-14

China’s credit demand remains under pressure, according to Bank of America Securities economists. They note March data show households and firms are still cautious on new borrowing, with added uncertainty from Middle East geopolitical tensions. While manufacturing and infrastructure investment may improve on resilient exports and policy financing support, overall credit demand remains weak. They also point out that stronger secondary home sales in tier-1 cities such as Shanghai have yet to translate into broader property activity or mortgage growth.