China's new bank loans likely rose in September but other key gauges of cre...
BEIJING - China’s new bank loans likely rose in September but other key gauges of credit growth remained lackluster, a Reuters poll showed, reinforcing expectations Beijing needs to deliver more support to stabilize the economy as trade pressures build.
Chinese banks are expected to have issued 1.4 trillion yuan in net new yuan loans last month, up 16% from 1.21 trillion yuan in August but largely in line with the tally in September last year, according to a median estimate in a Reuters survey of 30 economists.But growth of outstanding loans was expected to decelerate for a sixth straight month.
But despite repeated calls by regulators to help struggling smaller, private firms, banks have been reluctant to lend as such firms are considered bigger credit risks. Some factory managers have told Reuters they have lost financing or had their credit lines sharply cut back. Net issuance of local government bonds are estimated to fall notably as the provincial authorities are already close to exhausting their annual bond quotas.
Moody’s Investors Service said in a recent report that China’s shadow banking assets were near 3-year lows.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
South Park Mocked China and Got Censored, So They Mocked China Some More'Like the NBA, we welcome the Chinese censors into our homes and into our hearts,' wrote Trey Parker and Matt Stone in their 'apology'
Weiterlesen »
Microsoft CEO Satya Nadella says stopping the firm's controversial research in China would hurtMicrosoft CEO Satya Nadella has said halting...
Weiterlesen »
NBA's response to China backlash at odds with league's historyHow much of its integrity -- and legacy -- is the National Basketball Association willing to sacrifice for the sake of business? The answer, apparently, is: lots.
Weiterlesen »
Shoemaker Vans treads warily as China fumes over Hong Kong protestsU.S. sports brand Vans has removed 'a small number' of submissions in ...
Weiterlesen »
Factbox: Fans, U.S. politicians, others react to NBA's China controversyThe National Basketball Association (NBA) took heavy fire on Monday for saying a...
Weiterlesen »
NBA hit with broadcast blackout by China amid Hong Kong controversyChina's state-run broadcasting network orders blackout of all NBA preseason games set to be played in the country amid Hong Kong controversy.
Weiterlesen »