National aggregate financing, a broad measure of credit to the real economy, dropped to 1.36 trillion yuan in April, half the 2.86 trillion yuan from a month earlier. Photo: Reuters
China bank lending slows more than expected in April, raising concerns about economic outlook
- Banks extended 1.02 trillion yuan (US$150 billion) of new loans in April, below market expectations and down from 1.68 trillion yuan in March
- Slowdown follows fall in April’s purchasing managers’ index as well as exports ahead of latest round of trade talks in Washington and threatened tariff increases
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China economy
National aggregate financing, a broad measure of credit to the real economy, dropped to 1.36 trillion yuan in April, half the 2.86 trillion yuan from a month earlier. Photo: Reuters
Chinese Vice-Premier Liu He (third left) is still expected to be part of China’s delegation set to arrive in Washington on Thursday for talks. Photo: EPA
Donald Trump is a business ‘killer’ who ‘never plays by the rules’, say Chinese exporters after tariff threat
- US$200 billion of Chinese imports into the United States set to be subject to new 25 per cent tariffs from Friday
- Chinese Vice-Premier Liu He still expected to be part of the delegation set to arrive in Washington on Thursday for talks
Topic |
China economy
Chinese Vice-Premier Liu He (third left) is still expected to be part of China’s delegation set to arrive in Washington on Thursday for talks. Photo: EPA