China's Bank Lending Falls In December

China's bank lending decreased more-than-expected in December, data from the People's Bank of China revealed on Thursday.

Banks extended CNY 1.14 trillion loans in December compared to CNY 1.39 trillion lending in November. This was below the forecast of CNY 1.2 trillion.

Meanwhile, total social financing, a broad measure of credit and liquidity in the economy, rose to CNY 2.1 trillion, exceeding expectations of CNY 1.7 trillion.

Growth in outstanding broad credit was unchanged last month as a slowdown in bank loans outstanding was offset by an easing contraction in shadow credit, Julian Evans-Pritchard, an economist at Capital Economics, said.

The unresponsiveness of credit growth to recent easing strengthens the case for additional rate cuts in order to prevent credit growth, and thereby growth, from slipping further, the economist added.



by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram