China's New Yuan Loans Rebound Less Than Expected in August

MT Newswires Live

09/15

China's banks extended 60 billion yuan in new yuan loans in August, according to data from the People's Bank of China (PBOC) released on Tuesday.

While the figure was far below the consensus forecast of 480 billion yuan tracked by Investing.com, it still recovered from the 340 billion yuan record decline in July.

At the end of August, the outstanding balance of new yuan loans stood at 282.35 trillion yuan, up 4.9% from a year earlier.

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