China's credit surged in January, new bank loans hit all-time high

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's overall credit surged in January, with new bank loans hitting an all-time high, as the government steps up efforts to boost an economy hit by trade wars and facing more pressure from a coronavirus epidemic.

Banks extended a record 3.34 trillion yuan ($476.42 billion) in new yuan loans in January, up from 1.14 trillion yuan in December and beating analyst expectations, according to data released by the People’s Bank of China (PBOC) on Thursday.

Analysts had predicted new yuan loans would rise to 3.00 trillion yuan in . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!