Reported about 15 hours ago
In 2024, China's banks reported a decline in new loans for the first time since 2011, totaling 18.09 trillion yuan ($2.47 trillion), as weak demand plagued a struggling economy impacted by deflation and a downturn in the housing market. Despite a small rebound in credit demand in December, policymakers may need to implement more aggressive measures to stimulate growth and address falling investment levels from both households and businesses.
Source: YAHOO