China’s Credit Hiccup Is No Reason to Get Nervous

A dip in Chinese lending data sent investors scrambling to discern a broader meaning. A closer look shows there little reason to panic.

China’s aggregate financing and new loan growth data fell in October to the lowest in a year, raising concern that economic growth will decelerate as President Xi Jinping shifts his focus to containing financial risks after stoking output in the runup to last month’s 19th Party Congress.