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
Economy /  China Economy

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
Topic |   China economy
Frank Tang
Frank Tang in Beijing

Updated: 7:22pm, 12 Jun, 2019

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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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Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.