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

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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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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.