- Prior +7.0%
- New yuan loans ¥1.010 trillion vs ¥1.275 trillion expected
- Prior ¥5.13 trillion
New bank lending tends to come in strongly in the first two months due to the Chinese New Year period and this year is no different. The year-to-date total from January and February is ¥6.14 trillion but it falls short compared to last year's ¥6.37 trillion in the same period. We'll see how things go in the months ahead as Beijing is trying to encourage more lending in order to boost economic activity.
