Chinese banks extended 645.4 billion yuan (US$95.3 billion) in new yuan loans in April, down sharply from March and falling short of analyst expectations, according to data released by the People’s Bank of China on Friday. Photo: Bloomberg
Chinese banks extended 645.4 billion yuan (US$95.3 billion) in new yuan loans in April, down sharply from March and falling short of analyst expectations, according to data released by the People’s Bank of China on Friday. Photo: Bloomberg

China’s loans tumble as coronavirus lockdowns hold back credit growth

  • Chinese banks extended 645.4 billion yuan (US$95.3 billion) in new yuan loans in April, down sharply from March
  • Lockdowns to stop the spread of coronavirus outbreaks in dozens of cities, including a citywide shutdown in the commercial hub of Shanghai, have hit the economy

Chinese banks extended 645.4 billion yuan (US$95.3 billion) in new yuan loans in April, down sharply from March and falling short of analyst expectations, according to data released by the People’s Bank of China on Friday. Photo: Bloomberg
Chinese banks extended 645.4 billion yuan (US$95.3 billion) in new yuan loans in April, down sharply from March and falling short of analyst expectations, according to data released by the People’s Bank of China on Friday. Photo: Bloomberg
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