China's new bank loans hit record in January, overall credit growth slowed further

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China’s new bank loans jumped to new highs in January boosted by seasonal demand, as the central bank walks a tightrope between supporting a recovering economy and rising debt risks.

Banks extended 3.58 trillion yuan ($555.31 billion) in new loans in January, hitting the highest on record, data from the People’s Bank of China (PBOC) showed on Tuesday. That's compared to 1.26 trillion yuan the previous month and topped the 3.34 trillion yuan seen in January 2020.

Chinese banks tend to front-load loans at the beginning of . . .

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