Arab Today, arab today china bank lending slides in december despite loosening
Last Updated : GMT 10:15:39
Arab Today, arab today
Arab Today, arab today

China bank lending slides in December despite loosening

Arab Today, arab today

Arab Today, arab today China bank lending slides in December despite loosening

The People's Bank of China has cut interest rates six times since late 2014
Shanghai - AFP

China's bank lending declined sharply in December from November, the central bank said on Friday, despite moves to keep the world's second largest economy from slowing further with looser monetary policy.

New loans extended by banks slid to 597.8 billion yuan ($91.1 billion) in December, against 708.9 billion yuan in November, the People's Bank of China said.

"The lower-than-expected new loans suggest that credit demand remained weak," ANZ Banking Group said in a research note, adding that commercial banks were reluctant to lend given increasing risk.

China has cut interest rates six times since late 2014 and has also lowered the proportion of reserves that banks must set aside, in an effort to boost lending and revitalise the flagging economy.

The country's yuan-denominated lending for all of 2015 reached 11.72 trillion yuan, figures showed, which the official Xinhua news agency described as a new high.

China's total social financing -- the broadest measure of credit in the economy -- was 1.82 trillion yuan in December, the central bank said, higher than 1.02 trillion yuan in November and above the median forecast of 1.15 trillion yuan according to a Bloomberg News survey.

"Lending to the real economy remained strong at the end of last year, which should help support economic activity in the coming months," Capital Economics said in a research note.

China's economic growth hit a 24-year low in 2014 and the country logged its worst economic performance since the global financial crisis in the third quarter of 2015, with gross domestic product (GDP) expanding 6.9 percent.

The government will announce fourth quarter and 2015 GDP figures on Tuesday.

 

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 slides in december despite loosening Arab Today, arab today china bank lending slides in december despite loosening

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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