Demand for credit surges higher

Large increase in total financing for companies signaling a brighter future, experts believe

The growth in demand for credit, underpinned by an improvement in economic activity, surged higher than expected in March, signaling a brighter outlook, analysts said.

Total social financing, the People's Bank of China's gauge of aggregate financing, added a record 2.34 trillion yuan ($361 billion) in March, far outpacing the consensus of 1.4 trillion yuan.