China's April Bank Lending Forecast to Drop to 300 Billion
China's new bank lending likely fell to 300 billion yuan in April. Soft demand and property stress continue to weigh on credit growth despite policy support.
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Xurve View
China bank lending likely fell to 300 billion yuan ($44.09B) in April, according to a Reuters poll of 17 economists. The forecast represents a 90% drop from the 2.99 trillion yuan distributed in March. Persistent credit weakness reflects a multi-year property slump and cautious private investment despite policy support.
