Women walk by a bank window panel displaying the security markers on the latest 100 yuan notes in Beijing. Photo: AP

China’s bank lending weakened in July, suggesting Beijing’s stimulus efforts not working

  • Chinese banks extended 1.06 trillion yuan (US$150.17 billion) in net new loans last month, down from 1.66 trillion yuan (US$235.17 billion) in June
  • There was an eye-catching drop in corporate lending in July, plunging by two-thirds to 297.4 billion yuan (US$42.1 billion) from 910.5 billion yuan the month before
Topic |   China economy

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Women walk by a bank window panel displaying the security markers on the latest 100 yuan notes in Beijing. Photo: AP
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