China's Sept new yuan loans seen jumping on policy boost
newscatcher
2023-10-09 10:34
China's Sept new yuan loans seen jumping on policy boost
BEIJING China's new yuan lending is expected to jump in September after a surprising surge in August, a Reuters poll showed, as the central bank strives to boost the economy's recovery amid tepid demand both at home and abroad. Chinese banks are forecast to have extended 2.5 trillion yuan in net new yuan loans last month, up 84% from August, when new loans nearly quadrupled to 1.36 trillion yuan, according to the median estimates of 23 economists. Net new yuan loans in September last year were 2.

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