According to the People’s Bank of China, short-term lending to corporations in July fell 219.5 billion yuan (US$31 billion), having dropped by 103 billion yuan at the same time last year. Photo: Reuters
China’s banks resisting calls for more loans to firms due to rising default risks, lower demand due to trade war
- Short-term lending to corporations in July fell 219.5 billion yuan (US$31 billion), while long term loans suffered a decline of 25 per cent
- Chinese leaders made it clear at their top-level policy meeting in July that they wanted more long-term capital flowing to private manufacturing firms
Topic |
China economy
According to the People’s Bank of China, short-term lending to corporations in July fell 219.5 billion yuan (US$31 billion), having dropped by 103 billion yuan at the same time last year. Photo: Reuters