China Credit Growth Beats Expectations

The transcript discusses stronger-than-expected market data, highlighting the impact of government stimulus on corporate loans and the recovery of household loans, particularly mortgages. It suggests a potential turning point in the housing market. The sustainability of credit growth is considered, with expectations of continued government support. Future rate cuts are discussed, with a likelihood of them occurring in the second quarter, depending on economic conditions.

What factors are expected to support lending in the second quarter?

Why might a rate cut not happen soon according to the text?