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.

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