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
Follow your favourite topic and get notified
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