Arab Today, arab today china bank lending picks up in november
Last Updated : GMT 21:14:26
Arab Today, arab today
Arab Today, arab today

China bank lending picks up in November

Arab Today, arab today

Arab Today, arab today China bank lending picks up in November

Bank of China
Shanghai - AFP

Chinese banks lent more in November than the previous month, official data showed Friday, after the country's central bank cut interest rates in a surprise recent move.
A total of 852.7 billion yuan ($137.8 billion) worth of new loans were extended last month, the People's Bank of China (PBoC) said in a statement.
The figure was up from 548.3 billion yuan issued in October and beat a median forecast of 650 billion yuan by a Wall Street Journal poll of 16 economists.
Total social financing, a broader measure of credit in the economy, reached 1.15 trillion yuan in November, the PBoC said in a separate statement, up from 662.7 billion in October.
Analysts said China's rate cut announced on November 21 may have facilitated the credit expansion.
"The higher-than-expected loan data suggest that commercial banks expanded balance sheets after PBoC’s rate cut," ANZ economists wrote in a note.
"In addition, commercial banks could have ramped up the credit extension at the year-end as many banks still have big unused loan quota."
China's top economic planner, the National Development and Reform Commission, sped up approvals for infrastructure projects, also driving up loan extension, ANZ said.
Beside the rate cut, China has so far only resorted to targeted cuts in banks' reserve requirement ratios (RRR) and covert fund injections into banks to encourage lending.
Nomura economists expected more monetary easing to come, including one RRR cut in each quarter of 2015 and an interest rate cut in the April-June period.
"The rise in new loans is further evidence that the authorities will not let growth slow too sharply," they said in a research report.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china bank lending picks up in november Arab Today, arab today china bank lending picks up in november

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china bank lending picks up in november Arab Today, arab today china bank lending picks up in november

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday