BEIJING China’s new bank loans fell more than expected in July to their lowest in nine months while broad credit growth hit a 17-month low, adding to market…
BEIJING: China's outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, rose 10.7per cent to 302.49 trillion yuan (US$46.6 trillion) at the end of July from a year earlier, the central bank said on Wednesday.
In July, TSF fell to 1.06 trillion yuan from 3.67 trill
China’s new bank loans fell more than expected in July to their lowest in nine months while broad credit growth hit a 17-month low, adding to market expectations that modest policy easing may be needed to underpin the country’s economic recovery. The world’s second-largest economy has largely rebounded from disruptions caused by the pandemic last .