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

TOP PICKS

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

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.