New bank lending in China fell below expectations in May, fuelling concerns over the effect of the trade war with the United States. Photo: Bloomberg
New bank lending in China fell below expectations in May, fuelling concerns over the effect of the trade war with the United States. Photo: Bloomberg

China’s banks remain reluctant to lend amid US trade war uncertainty, new data shows

  • The value of new yuan loans rose to 1.18 trillion yuan (US$170.54 billion), from April but below market expectations of 1.3 trillion yuan
  • Impact of US-China trade war is spooking lenders, although overall social credit picked up

New bank lending in China fell below expectations in May, fuelling concerns over the effect of the trade war with the United States. Photo: Bloomberg
New bank lending in China fell below expectations in May, fuelling concerns over the effect of the trade war with the United States. Photo: Bloomberg
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