Chinese commercial banks are struggling with stagnant loan growth due to weak consumer and business confidence in the economy. As a result, banks are investing heavily in government bonds, as evidenced by a rally in Chinese sovereign bonds and record-low yields. Despite stimulus measures, total new yuan loans have decreased significantly, leading to concerns about deflation and a lack of quality borrowing demand. Authorities are focused on boosting consumption and lowering borrowing costs to revive credit demand, but uncertainty remains due to potential tariff actions and the need for strong domestic policy support.
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Search for British tourist, 28, missing in Tenerife for two weeks
A 28-year-old British tourist named Gerallt has been missing in Tenerife since July 7, after failing to return from a trip, prompting increasing concern from authorities. North Wales Police are appealing for information regarding his whereabouts, describing him as 5ft8in tall with short black hair, last seen in a navy tracksuit and black trainers. Want More Context? 🔎
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