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China's October New Lending Tumbles More Than Expected Despite Policy Support
New bank lending in China tumbled more than expected to a three-month low in October, as a ramp-up of policy stimulus to buttress a wavering economy failed to boost credit demand. Chinese banks extended 500 billion yuan ($69.51 billion) in new yuan loans in October, down sharply from September and falling short of analysts' expectations, according to data released by the People's Bank of China (PBOC). Economists polled by Reuters had predicted a fall in new yuan loans to 700 billion yuan last month from 1.59 trillion yuan the previous month and against 738.4 billion yuan a year earlier. "Corporate financing ... (full story)
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From niesr.ac.uk|Nov 11, 2024GDP growth was strong at the start of the year but seems to have slowed down of late. Why is this? The overall UK economy had a strong start to 2024, recording substantial GDP ...
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- Posted: Nov 11, 2024 1:47pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,601
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