The central business district in Beijing. Photo: EPA-EFE
Economy /  China Economy

China orders banks to ‘improve political positioning’ and boost lending after October financial data disappoints

  • People’s Bank of China calls special meeting of top bankers to demand they boost lending to help stabilise the real economy
  • Meeting comes three days after new financial data shows very weak bank lending in October
Topic |   China economy
Frank Tang
Frank Tang in Beijing

Updated: 6:29pm, 16 Nov, 2018

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The central business district in Beijing. Photo: EPA-EFE
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Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.