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China’s new bank loans drop to lowest level in almost two years in October

Summary:
[unable to retrieve full-text content]New loans in China fell to their lowest level in almost two years in October with manufacturers being forced to lower their prices amid slowing economic activity.Chinese banks extended 661.3 billion yuan (US.5 billion) in net new loans last month, well below the 800 billion yuan (US4 billion) of loans estimated in a Bloomberg survey, and sharply down from the 1.69 trillion yuan (US1.5 billion) in September, according to the data released by the People’s Bank of China (PBOC) on Monday…

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[unable to retrieve full-text content]
New loans in China fell to their lowest level in almost two years in October with manufacturers being forced to lower their prices amid slowing economic activity.Chinese banks extended 661.3 billion yuan (US$94.5 billion) in net new loans last month, well below the 800 billion yuan (US$114 billion) of loans estimated in a Bloomberg survey, and sharply down from the 1.69 trillion yuan (US$241.5 billion) in September, according to the data released by the People’s Bank of China (PBOC) on Monday…

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