China October bank lending seen declining despite policy measures: Reuters poll

Quick Summary:

BEIJING: China's new yuan loans are expected to fall sharply in October from September, a Reuters poll showed on Friday (Nov 8), signalling weak credit demand even as the central bank ramps up policy stimulus to buttress the economy.

Banks likely issued 700 billion yuan (US$97.

That follows Minister of Finance Lan Foan's announcement last month that China would "significantly increase" government debt and support consumers and the property sector.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Loans Bank China Debt October Cent Yuan Government Central September Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 15:36:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 670 words

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Sentences: 25 lines

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