Friday , May 7 2021
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:

Tyler Durden writes Why Have Bond Yields Gone Nowhere In The Past Month Despite Blowout Macro Data: Here Is Goldman’s Answer

Tyler Durden writes Gen Z Is Anything But Politically Ill-Informed

Tyler Durden writes Montana Is First State To Cancel Unemployment Benefits In Response To Unprecedented Worker Shortage

Tyler Durden writes Voting With Your Feet

[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Your email address will not be published.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 *

This site uses Akismet to reduce spam. Learn how your comment data is processed.