In a surprise, the growth of broad M2 money supply – an indicator of money supply and future inflation – slowed to 8.2 per cent in November from a year earlier, below the expectation of an unchanged growth rate of 8.4 per cent. Photo: AP

China new bank lending rebounds sharply in November after October’s holiday lull in activity

  • Chinese banks extended 1.39 billion yuan (US$197.46 billion) in new yuan-denominated loans in November, doubling October’s figure
  • Bank lending in China traditionally rebounds in November, since the week-long National Day holiday in the first week of October dampens banks’ lending business
Topic |   China economy
In a surprise, the growth of broad M2 money supply – an indicator of money supply and future inflation – slowed to 8.2 per cent in November from a year earlier, below the expectation of an unchanged growth rate of 8.4 per cent. Photo: AP
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