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China’s new bank loans hit record US$3.1 trillion in 2021, more than Britain’s GDP

Summary:
[unable to retrieve full-text content]New bank lending in China fell more than expected in December from the previous month, but lending for the full year of 2021 set a record, as the central bank maintained policy support to cushion the slowing economy.Chinese banks extended 1.13 trillion yuan (US7 billion) in new yuan loans in December, down from 1.27 trillion yuan in November and falling short of analysts’ expectations, according to data released by the People’s Bank of China on Wednesday.Analysts polled by Reuters had…

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[unable to retrieve full-text content]
New bank lending in China fell more than expected in December from the previous month, but lending for the full year of 2021 set a record, as the central bank maintained policy support to cushion the slowing economy.Chinese banks extended 1.13 trillion yuan (US$177 billion) in new yuan loans in December, down from 1.27 trillion yuan in November and falling short of analysts’ expectations, according to data released by the People’s Bank of China on Wednesday.Analysts polled by Reuters had…
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