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China's bank lending at record high

Staff Writer | February 12, 2018
China's banks lent a record amount of new yuan loans in January, data from the People's Bank of China showed.
China bank
Asia   Broad money supply M2 grew 8.6% annually
New yuan loans increased to CNY 2.9 trillion in January from about CNY 584 billion in December. Lending was expected to rise to CNY 2 trillion.

Similarly, total social financing came in at CNY 3.06 trillion versus CNY 1.14 trillion a month ago.

Broad money supply M2 grew 8.6% annually. The rate was expected to remain unchanged at 8.2%.


 

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