Tuesday , August 11 2020
Home / South China Morning Post / China loans hits record US$1.73 trillion in first half of 2020 after strong June as coronavirus recovery continues

China loans hits record US$1.73 trillion in first half of 2020 after strong June as coronavirus recovery continues

Summary:
[unable to retrieve full-text content]New bank lending in China rose 22.3 per cent in June from May as authorities continued to boost credit and ease policy to get the world’s second-largest economy humming again after a sharp coronavirus-induced contraction.Chinese banks extended 1.81 trillion yuan (US8 billion) in new yuan loans in June, up from 1.48 trillion yuan in May and slightly exceeding analysts’ expectations, according to data released by the People’s Bank of China (PBOC) on Friday.That pushed bank lending in the first…

Topics:
Reuters considers the following as important:

This could be interesting, too:

Mike Shedlock writes Millennials Screwed Again, This Time on Unemployment

Mike Shedlock writes Understanding Political Polls: Is the GOP Underweighted?

Kathy Lien writes What EURJPY Sell-Off Says About Broader Markets

Lambert Strether writes 2:00PM Water Cooler 8/10/2020

[unable to retrieve full-text content]
New bank lending in China rose 22.3 per cent in June from May as authorities continued to boost credit and ease policy to get the world’s second-largest economy humming again after a sharp coronavirus-induced contraction.Chinese banks extended 1.81 trillion yuan (US$258 billion) in new yuan loans in June, up from 1.48 trillion yuan in May and slightly exceeding analysts’ expectations, according to data released by the People’s Bank of China (PBOC) on Friday.That pushed bank lending in the first…
About Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *