China: new loans rise, against expectations

Further loosening in China? New loans in the People’s Republic rose to RMB 294.8bn ($43.2bn) in November, from a total of RMB 253bn in October. Analysts had expected a fall in new loans, to about RMB 250bn, after the drop from September’s high of RMB 516.7bn. A report from the Bank of International Settlements recently observed that the composition of loans in China was changing dramatically, with fewer short-term loans but a brisk increase in medium- and long-term loans.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.