- Prior +10.3%
- New yuan loans ¥1.09 trillion vs ¥1.30 trillion expected
- Prior ¥0.74 billion
Bank loans in China inched higher in November but is a miss on estimates, as authorities continue to maintain a more accommodative policy in bolstering the economy. The year-to-date total for new yuan loans is at ¥21.58 trillion and that compares to the ¥21.31 trillion for the same period in 2022. It reaffirms that policy remains on the looser side in order to spur recovery conditions for now.
