China’s new loans and money supply growth both outdid expectations in August. Photo: Reuters China’s new loans and money supply growth both outdid expectations in August. Photo: Reuters
China’s new loans and money supply growth both outdid expectations in August. Photo: Reuters

China’s new loans beat expectations in August but home mortgages still main driver

Household borrowing contributes 71 per cent of total new bank loans as corporate demand remains weak

Topic |   China economy
China’s new loans and money supply growth both outdid expectations in August. Photo: Reuters China’s new loans and money supply growth both outdid expectations in August. Photo: Reuters
China’s new loans and money supply growth both outdid expectations in August. Photo: Reuters
READ FULL ARTICLE