China’s May new bank loans nearly triple on month, credit expansion beat expectations, most new corporate loans were bill financing
DATA FEATURES
China’s May new bank loans nearly triple on month, credit expansion beat expectations, most new corporate loans were bill financing
DATA FEATURES

China’s May new bank loans nearly triple on month, credit expansion beat expectations, most new corporate loans were bill financing

 

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China's new bank loan and the board credit expansion picked up to beat expectations in May as the authorities stepped up policy support to pull the world's second-largest economy out of a COVID-induced slump.

Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, nearly tripling the 645.4 billion yuan in April, showed data released by the People's Bank of China (PBOC) on . . .

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