Chinese banks extended 1.36 trillion yuan (US$208.7 billion) in new local-currency loans in February. Photo: Reuters
Chinese banks extended 1.36 trillion yuan (US$208.7 billion) in new local-currency loans in February. Photo: Reuters

China economy: new bank loans in February fall less than expected, as ‘real financing demand is very strong’

  • New loans total 1.36 trillion yuan (US$209 billion), surpassing analysts’ forecasts for 950 billion yuan
  • February M2 money supply growth accelerates to 10.1 per cent from a year earlier, well above forecast for 9.4 per cent

Chinese banks extended 1.36 trillion yuan (US$208.7 billion) in new local-currency loans in February. Photo: Reuters
Chinese banks extended 1.36 trillion yuan (US$208.7 billion) in new local-currency loans in February. Photo: Reuters
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