Prior +7.5%New yuan loans ¥0.6 trillionPrior ¥0.5 trillion
The year-to-date total for new yuan loans is now seen at ¥17.1 trillion and barring an unprecedented surge in December, it will fall far short of the 2023 record of roughly ¥22.8 trillion. For some context, this figure was ¥21.3 trillion back in 2022. It’s not too bright a side as new bank lending slows down in a crucial time when Beijing is trying to revive domestic demand conditions.
This article was written by Justin Low at www.forexlive.com.
