Cash at Chinese banks swells to record high as borrowing slows
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Source: Nikkei Asia
Published: 2026-07-28 17:22 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Asia, China, Tax & Budget, Property & Housing, Business & Economy, Asia Pacific
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Snippet:
A shopping mall in Beijing. Falling home prices have generated a persistent negative wealth effect that continues to weigh on Chinese consumers.
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