BEIJING : China's new yuan lending is expected to jump in September after a surprising surge in August, a Reuters poll showed, as the central bank strives to boost the economy's recovery amid tepid demand both at home and abroad.
In September, the central bank cut the reserve requirement ratio - the amount of cash that banks must hold as reserves - for the second time this year to boost liquidity and aid growth. China is expected to meet the annual growth target of slightly more than 5 per cent this year, an adviser to the central bank said in September. Some analysts, however, thought the target could be missed amid woes over a prolonged property slump and weak consumer sentiment.
Source: Financial Digest (financialdigest.net)
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