Chinese banks extended more new loans in August and broad credit expanded at the fastest pace in 30 months as a surge in government bond issuance and other easing policies continues to support the recovery.
Banks extended 1.28 trillion yuan in new yuan loans, up from July and slightly exceeding analyst expectations, according to data released by the People’s Bank of China (PBOC) on Friday.
That's higher than 1.22 trillion yuan . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In