Prior +8.8%New yuan loans ¥590.0 billion vs ¥800.0 billion expectedPrior -¥50.0 billion
New yuan loans continue to underwhelm and that’s a bit concerning, though Beijing is slated to announce a wave of subsidies that will generate trillions in new loans in order to stimulate domestic spending and bolster demand conditions. So, we’ll see what becomes of that in the months ahead.
This article was written by Justin Low at investinglive.com.