FT reports: "China Underground Lending Index surges to near two-year high"

This from the Financial Times, based on their own calculation (The FTCR China Underground Lending survey )

• Underground lending activity...  surging to a near two-year high


• On the back of a spike in volumes (10 month high)


• Strongest February reading in the history of the survey (helped by the holiday falling slightly earlier this year)


• More lenders reported an increase in levels of bad debt

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The FTCR China Underground Lending survey is based on interviews with more than 60 underground bankers

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The Financial Times is gated, but if you have access, link is here: FTCR China Underground Lending Index surges to near two-year high

FT reports: "China Underground Lending Index surges to near two-year high"
FT reports: "China Underground Lending Index surges to near two-year high"
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