China's Feb new yuan loans seen falling from record high: Reuters Poll

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BEIJING : China's new yuan loans are expected to fall in February from a record high in January partly due to seasonal factors, a Reuters poll showed, as the central bank keeps policy accommodative to support the slowing economy.Chinese banks are estimated to have issued 1.50 trillion yuan ($215 billion)

BEIJING : China's new yuan loans are expected to fall in February from a record high in January partly due to seasonal factors, a Reuters poll showed, as the central bank keeps policy accommodative to support the slowing economy.

China has set a modest target for economic growth this year of around 5 per cent after only 3 per cent last year, one of its worst showings in decades. China has pledged to keep money supply and total social financing growth basically in line with nominal economic growth this year.

Source: Financial Digest (financialdigest.net)

 

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