Friday , September 18 2020
Home / South China Morning Post / China new bank loans fell in July, but broad credit and liquidity growth quickened in bid to support economic recovery

China new bank loans fell in July, but broad credit and liquidity growth quickened in bid to support economic recovery

Summary:
[unable to retrieve full-text content]New bank lending in China fell more than expected in July from the previous month, but broad credit and liquidity growth quickened as the central bank sought to support a gradual economic recovery.Chinese banks extended 992.7 billion yuan (US2 billion) in new yuan loans in July, down sharply from 1.81 trillion yuan in June and falling short of analyst expectations, according to data released by the People’s Bank of China (PBOC) on Tuesday.Analysts polled by Reuters had predicted new yuan…

Topics:
Reuters considers the following as important:

This could be interesting, too:

Tyler Durden writes How Much Money Do Communications Majors Make?

Tyler Durden writes Soybean Futures Hit 27-Month High On Increased Chinese Demand 

Tyler Durden writes Biden’s Gun Control Claims At Odds With Crime Stats

Tyler Durden writes World Bank Warns Recovery Could Take “Five Years”

[unable to retrieve full-text content]
New bank lending in China fell more than expected in July from the previous month, but broad credit and liquidity growth quickened as the central bank sought to support a gradual economic recovery.Chinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down sharply from 1.81 trillion yuan in June and falling short of analyst expectations, according to data released by the People’s Bank of China (PBOC) on Tuesday.Analysts polled by Reuters had predicted new yuan…
About Reuters

Leave a Reply

Your email address will not be published.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