The level of new loans was the weakest since December 2017. Photo: AP
China’s new bank loans drop to lowest level in almost two years in October as manufacturers feel the pinch
- Banks extended 661.3 billion yuan (US$94.5 billion) in net new loans last month, sharply down from 1.69 trillion yuan (US$241.5 billion) in September
- National aggregate financing at the end of last month totalled 618.9 billion yuan (US$88.5 billion), down from 2.27 trillion yuan (US$324.4 billion) in September
Topic |
China economy
The level of new loans was the weakest since December 2017. Photo: AP
Customers walk past pork stalls at the Dancun Market in Nanning, Guangxi province. Photo: Bloomberg
China consumer prices jump to near 8-year high as pork soars more than 100 per cent
- China’s consumer price index jumped to 3.8 per cent in October, the highest since January 2012 on higher prices for pork, other meats
- Consumer price index above expected, up from 3.0 per cent in September
Topic |
China economy
Customers walk past pork stalls at the Dancun Market in Nanning, Guangxi province. Photo: Bloomberg