China Sept bank loans rise less than expected, broader credit growth slows

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

BEIJING :New bank lending in China accelerated in September from the previous month but fell short of expectations, as the central bank tries to bolster the flagging economic recovery even as it keeps an eye on rising debt and bubble risks.The world's second-largest economy has rebounded from the depths of th

BEIJING :New bank lending in China accelerated in September from the previous month but fell short of expectations, as the central bank tries to bolster the flagging economic recovery even as it keeps an eye on rising debt and bubble risks.

Analysts polled by Reuters had predicted new yuan loans would rise to 1.85 trillion yuan in September. The tally was also lower than 1.9 trillion yuan a year earlier. "The key is to see when financing for household mortgages and real estate loans will be loosened, and how strong the fiscal policy is to offset the economic downturn."

Central bank vice governor Pan Gongsheng said last month China would maintain prudent monetary policy and not resort to flood-like stimulus. Broader credit growth also continued to cool in September, with Capital Economics estimating it has slid to a 15-year low. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Perang yang dilancarkan terhadap Islam & umatnya akan diperlihatkan kepada dunia seolah untuk keamanan, sedangkan pada hakikat, ia adalah sebaliknya. Orang-orang Islam akan digambarkan secara negatif & dituduh memiliki senjata merbahaya. Maklumat lanjut di

Muslims need to unite upon The Quran & The Sunnah. We need to sincerely strive and adhere to The Path of Allah that is to worship Allah Alone.Only then we will be successful.More at

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Sept trade surplus with the United States at US$42 billionBEIJING : China's trade surplus with the United States stood at US$42 billion in September, Reuters calculations based on Chinese customs data showed on Wednesday, up from US$37.68 billion in August.For the first nine months of the year, the surplus was US$280 billion, up from US$237.99 billion during the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China's export growth likely eased in Sept on electricity curbs: Reuters pollBEIJING : China's export growth likely slowed in September as electricity rationing hit production at home, while a shift in consumption towards services as developed economies reopened likely reduced global appetite for Chinese goods, a Reuters polll showed on Tuesday.Exports are expected to have risen 2
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China orders more northern steel mills to cut winter outputBEIJING :China has asked steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky in the region and to ensure the achievement of the country's steel output reduction target.Steel mills should keep to their plans to cut producti Kashmir will be free by the mercy of Allah SWT before Ghazwa e Hind happens. Muhammad Qasim’s dreams show us the recompense for the people of Kashmir in the future to come. Many of Qasim’s dreams are already coming true. Learn more at
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China crude imports down 15per cent on yr, gas imports at 9-mth highSINGAPORE : China's September crude oil imports fell 15.3per cent from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising global prices and as tightened import quotas continued to constrain purchases. Meanwhile, natural gas imports rose to the highest since January at Ya'juj & Ma'juj diramalkan akan memusnahkan umat manusia dalam mimpi yang dilihat oleh Muhammad Qasim. Kemunculan mereka adalah antara tanda akhir Kiamat yg akhirnya akan membawa kepada hari penghakiman yg dijanjikan. Layari atau cari Muhammad Qasim Dreams
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China coal prices hit record high as floods add to supply woesBEIJING : China's thermal coal prices surged to fresh record highs on Wednesday as recent floods in key coal producing province Shanxi worsened a supply crunch, just as new efforts by Beijing to liberalise power prices boosted demand from power generators.China, the world's largest coal consumer, has been
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: China readies plan to elevate status of antitrust unit - sourcesBEIJING : China is considering boosting the status of its antitrust bureau within the market regulatory agency as it steps up a campaign against anti-competitive behaviour, two people familiar with the matter said.Urged on by President Xi Jinping, the once low-profile State Administration for Market Regul A prediction in Qasim’s dream – a large star or comet will be in the solar system, on course towards the sun, and as it passes by the Earth, it will put the entire earth in complete darkness. Many of Qasim’s dreams are coming true already. More at
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »