Reported 2 days ago
In February, China's new yuan loans are anticipated to fall sharply from January's unprecedented levels due to weakened credit demand following an initial surge in loan issuance. A Reuters poll forecasts net new loans at 1.275 trillion yuan, a significant drop from 5.13 trillion yuan the previous month, as the economy grapples with challenges like a property crisis and cautious spending. Analysts suggest that household loans may benefit from the property sector, while overall credit demand remains subdued.
Source: YAHOO