Growth of outstanding total social financing, a broad measure of credit and liquidity in the economy, slowed to 10.1 per cent in February from January’s 10.4 per cent but remained above the record low rate of 9.8 per cent in December. Photo: Reuters

China’s new bank lending falls sharply in February from record high

  • Chinese banks made 885.8 billion yuan (US$131.8 billion) in net new yuan loans in February, down from the record 3.23 trillion yuan in new lending in January
  • People’s Bank of China says combined data for first two months of the year stable given Lunar New Year holiday effect
Topic |   China economy

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Growth of outstanding total social financing, a broad measure of credit and liquidity in the economy, slowed to 10.1 per cent in February from January’s 10.4 per cent but remained above the record low rate of 9.8 per cent in December. Photo: Reuters
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