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

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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
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Exports performed slightly better than economists polled by Bloomberg, who had forecast a 1.7 per cent drop, while imports were lower, with the poll predicting a 4.6 per cent drop. Photo: Reuters

China’s exports and imports both fell in June, as higher US trade war tariffs blitz Chinese economy

  • Exports fell by 1.3 per cent year-on-year after tariffs on US$200 billion of Chinese goods were raised from 10 per cent to 25 per cent by Washington in May
  • Over the first half of the year, China’s exports to the US fell by 8.1 per cent to US$199.4 billion, while imports dropped by 29.9 per cent to US$58.9 billion
Topic |   US-China trade war

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Exports performed slightly better than economists polled by Bloomberg, who had forecast a 1.7 per cent drop, while imports were lower, with the poll predicting a 4.6 per cent drop. Photo: Reuters
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