Guangdong credit surges: Guangdong companies have been on a borrowing binge in the wake of the epidemic: according to official data, loans outstanding at the end of April were up by 1.3 trillion yuan, which represents a 43% YoY jump in new lending. Moreover, corporate insurance policies are booming, too: in April alone, 8.6 trillion yuan of risk-protection policies were written for corporates in the province, up 19.8% YoY. SCN.
New order: The GBA must accelerate its integration plans as the changing world order will make it more necessary for the region to open up, in order to attract capital and talent. This is the view of Zheng Yongnian, a professor at the East Asian Institute of the National University of Singapore. SCN.