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