China September New Bank Loans Beat Expectations
Chinese bank lending rebounded sharply in September to beat expectations as targeted monetary support and seasonal factors aided the slowing economy. Corporate loans surged while household borrowing remained flat.
China banks extended 1.08 trillion yuan ($161.37 billion) in new loans in September, beating forecasts and rebounding sharply from August levels. The increase reflects targeted monetary support from policymakers aimed at stabilizing the slowing domestic economy.
