0215 GMT - China's central bank may not rush to cut interest rates, despite new yuan loans contracting by 50 billion yuan in July, an all-time low, Citi economists say in a note. Both short and long-term household loans contracted in July, despite mortgage repayment much less of a concern, the economists say. They reckon financial support to the economy has been solid while real GDP growth is likely holding up after another export beat in July. Beijing's campaign against excess competition could weigh on already soft corporate demand, as corporate borrowing retreated last month, they add. (singaporeeditors@dowjones.com)

(END) Dow Jones Newswires

August 13, 2025 22:15 ET (02:15 GMT)

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