China August Bank Loans Fall Short of Forecasts
Chinas new bank loans rose in August but missed forecasts as weak household and corporate credit demand weighed on growth. Outstanding loans grew at their slowest pace on record.
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Xurve View
China extended 60 billion yuan ($8.95 billion) in new bank loans in August, missing forecasts after a July contraction as weak domestic demand weighed on credit growth. The data marks a sharp deceleration from historical averages as household and corporate borrowing stays muted. The persistent credit slump increases pressure on policymakers to intensify economic stimulus.
