China's credit growth slowed sharply in October, with new bank loans falling to the lowest level in two years in spite of a raft of measures in the past year to boost lending.
Chinese banks extended 661.3 billion yuan ($94.55 billion) in new yuan loans in October, the according to the data released by the People’s Bank of China (PBOC) on Monday.
That's sharply down from the 1.69 trillion . . .
To continue reading, please subscribe. You will get
- An indispensable and reliable source of information on China's economy and financial markets
- Original and in-depth reporting
- Details, data and perspectives you don't read elsewhere
- THE WIRE - the ONLY real-time financial news platform focused on China, with 24/7 continuous live updates
- Daily Brief newsletters to get you prepared for every trading day
Don't Miss Christmas Offer! Full subscription less than $0.5 a day!
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In