Prior +7.9%New yuan loans ¥2.24 trillion vs ¥1.80 trillion expectedPrior ¥620.0 billion
New bank loans in China surged back up towards the end of Q2, taking the total to ¥12.92 trillion in the first half of the year. It reaffirms that policymakers are still trying their best to ramp up stimulus after having done so in Q1 in anticipation of the trade war with the US.
This article was written by Justin Low at www.forexlive.com.