The level of new loans was the weakest since December 2017. Photo: APThe level of new loans was the weakest since December 2017. Photo: AP
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: APThe level of new loans was the weakest since December 2017. Photo: AP
The level of new loans was the weakest since December 2017. Photo: AP
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