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China economy: banks extended record 3.58 trillion yuan in new loans in January

Summary:
[unable to retrieve full-text content]China’s new bank loans surged to new highs in January boosted by seasonal demand, while broad credit growth slowed, as the central bank walks a tightrope between supporting a recovering economy and rising debt risks.Banks extended 3.58 trillion yuan (US5 billion) in new loans in January, hitting the highest on record and topping the 3.34 trillion yuan seen in January 2020, according to data released by the People’s Bank of China (PBOC) on Tuesday.Chinese lenders tend to front-load loans at…

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[unable to retrieve full-text content]
China’s new bank loans surged to new highs in January boosted by seasonal demand, while broad credit growth slowed, as the central bank walks a tightrope between supporting a recovering economy and rising debt risks.Banks extended 3.58 trillion yuan (US$555 billion) in new loans in January, hitting the highest on record and topping the 3.34 trillion yuan seen in January 2020, according to data released by the People’s Bank of China (PBOC) on Tuesday.Chinese lenders tend to front-load loans at…
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