Chinese banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan, according to data released by the People’s Bank of China (PBOC) on Thursday. Photo: AP Chinese banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan, according to data released by the People’s Bank of China (PBOC) on Thursday. Photo: AP
Chinese banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan, according to data released by the People’s Bank of China (PBOC) on Thursday. Photo: AP
China economy

China credit slowdown ‘happening faster than expected’ even as bank loans rose unexpectedly in May

  • Banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan
  • Growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, slowed to 11 per cent in May, the weakest pace since February 2020

Topic |   China economy
Chinese banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan, according to data released by the People’s Bank of China (PBOC) on Thursday. Photo: AP Chinese banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan, according to data released by the People’s Bank of China (PBOC) on Thursday. Photo: AP
Chinese banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan, according to data released by the People’s Bank of China (PBOC) on Thursday. Photo: AP
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