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China Dec new bank loans rise to $163.31bln, but miss forecast

From zawya.com

Chinese banks extended 1.17 trillion yuan ($163.31 billion) in new yuan loans in December, up from November but falling short of analysts' expectations. Analysts polled by Reuters had predicted new yuan loans would rise to 1.40 trillion yuan in December from 1.09 trillion yuan the previous month, and against 1.4 trillion yuan a year earlier. Broad M2 money supply grew 9.7% from a year earlier, central bank data showed on Friday, below estimates of 10.1% forecast in the Reuters poll. M2 grew 10.0% in November from a year earlier. Outstanding yuan loans grew 10.6% in December from a year earlier compared with 10.8% in ... (full story)

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  • Category: Fundamental Analysis