Prior +8.8%New yuan loans ¥1.29 trillion vs ¥1.47 trillion expectedPrior ¥590.0 billion
New bank loans picked back up in September but misses on estimates once again. As much as Beijing is trying its best to stimulate credit growth, weak private demand remains a big problem and that is something that they have to address via other means it would seem.
This article was written by Justin Low at investinglive.com.