Prior +6.3%New yuan loans ¥1.59 trillionPrior ¥900 billion
The year-to-date total for new yuan loans is ¥16.02 trillion, with September showing another big jump in bank lending. The figure is slightly less than the ¥1.86 billion estimated by economists though. But China will be hoping that the rate cuts announced will help to drive stronger credit demand going into next year.
This article was written by Justin Low at www.forexlive.com.
