- Prior +7.1%
- New yuan loans ¥990 billion vs ¥800 billion expected
- Prior ¥580 billion
The total for new yuan loans in 2024 was ¥18.1 trillion and that’s far short of the 2023 record of ¥22.8 trillion. That’s not too positive a signal as new bank lending appears to be slowing at a crucial time with Beijing trying to revive domestic demand conditions.
This article was written by Justin Low at www.forexlive.com.
