Chinese Banks' Asset Growth Falls to Historic Low: Chart

Chinese Banks' Asset Growth Falls to Historic Low: Chart

(Bloomberg) -- China’s banking industry assets recorded their slowest year-on-year growth ever last month, reaching 258 trillion yuan ($37 trillion) in October. The 6.6 percent pace is the worst since the country’s banking regulator started publishing data in 2011. Financial deleveraging, tighter money supply and a struggling economy have contributed to the slowing asset expansion.

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