Chinese banks extended 992.7 billion yuan ($142.82 billion) in new yuan loans in July, down from June and falling short of analysts' expectations.
FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration
BEIJING - Chinese banks extended 992.7 billion yuan in new yuan loans in July, down from June and falling short of analysts’ expectations. Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July, down from 1.81 trillion yuan in the previous month and compared with 1.06 trillion yuan a year earlier.
Broad M2 money supply in July grew 10.7% from a year earlier, central bank data showed on Tuesday, below estimates of 11.1% forecast in the Reuters poll. It rose 11.1% in June. Outstanding yuan loan grew 13.0% from a year earlier compared with 13.2% growth in June. Analysts had expected 13.2% growth.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China's factory deflation slows in July as recovery gains strengthChina's factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world's second-largest economy.
Weiterlesen »
The Best of Epicurious: July 2020These are the essays, reviews, and recipes that made July 2020 a defining month for us.
Weiterlesen »
Nearly 100,000 Children In U.S. Tested Positive For COVID-19 In Last 2 Weeks Of JulyMore than 5 million people in the U.S. have been infected with the coronavirus, according to new data.
Weiterlesen »
Coronavirus cases among U.S. children jumped 40% in late JulyThe report, which aggregates data from 49 states, comes amid heated debate over whether schools should reopen in the fall amid the coronavirus crisis.
Weiterlesen »
‘Hamilton’ Far Bigger Than Anything on Netflix in July, Audience Data RevealsThe musical was watched in July on Disney+ by almost three times the number of people who watched the second widest-reaching title of that month, Netflix’s true-crime docuseries “Unsolved Mysteries…
Weiterlesen »