You are here: Home » Reuters » News
Business Standard

China June new loans jump to 1.84 trillion yuan, above forecasts

Reuters  |  BEIJING 

BEIJING (Reuters) - Chinese banks extended 1.84 trillion yuan ($274.91 billion) in net new yuan loans in June, up considerably from the previous month and beating analysts' expectations, as policymakers step up support for the economy. Faced with a slowdown in domestic demand and the potential fallout from a trade war with the United States, Chinese policymakers have recently boosted policy support and softened their stance on deleveraging.Analysts polled by Reuters had predicted new June yuan loans of 1.6 trillion yuan, significantly higher than May's 1.15 trillion yuan. China's banks ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, July 13 2018. 15:16 IST