Downward pressure on the world’s second largest economy has continued to mount due to the effects of the trade war with the US and the government’s deleveraging programme to reduce debt and risky lending. Photo: Bloomberg

China loans jump in June as Beijing steps up credit support to boost economy amid US trade war

  • New bank lending rises 1.66 trillion yuan (US$242 billion) in June, the largest increase since January’s record
  • Analysts expect additional fiscal and monetary easing later this year in response to impact from protracted trade war with the United States’s
Topic |   China economy

TOP PICKS

Downward pressure on the world’s second largest economy has continued to mount due to the effects of the trade war with the US and the government’s deleveraging programme to reduce debt and risky lending. Photo: Bloomberg
READ FULL ARTICLE