In Depth: China’s Struggle to Rev Up Credit Demand

China’s policymakers are facing an uphill battle to revive borrowing demand, as the country slowly emerges from Covid-19 lockdowns that shattered consumer and business confidence.

The lull in borrowing became more pressing following the release of dismal credit data for April, even as the central government deployed a series of easing measures including cutting interest rates in a bid to bolster the sluggish economy.