Nothing never happens

Caixin: "China’s banks are being encouraged to steer more credit toward technology, green industries and small businesses. But as overall demand for loans weakens, the policy push is creating increasing competition to lend to companies that may need their money least, while some healthy businesses outside favored sectors face greater difficulty obtaining loans." caixinglobal.com/2026-10-30/…

In a story about rising Chinese consumption Xinhua notes that in the first three quarters of 2026, "domestic consumption contributed nearly half of economic growth, driving GDP growth up by 2.1 percentage points". What it doesn't say is that excluding twice during the COVID years, the only time China has posted a lower consumption contribution to GDP growth year was in 2024, when consumption contributed 44.9% of GDP growth, just a little less than the 46.7% if has contributed so far this year. On the other hand in the last ten years, consumption has contributed on average 51.3% of GDP growth, and last year it contributed 52.0% of GDP growth, both of which are still well below the global average of 75%. Rather than suggest that consumption is recovering in 2026, in other words, it would be more correct for Xinhua to suggest that it is lagging more than ever. english.news.cn/20261031/050…