China's new bank loans are expected to rebound in November from a 22-month ...
BEIJING - China’s new bank loans are expected to rebound in November from a 22-month low the previous month as the central bank lowered some key lending rates and encouraged more credit growth to prop up the slowing economy, a Reuters poll showed.
Though it would mark a strong jump from the previous month, the forecast is roughly in line with the new loan tally in November 2018. To boost bank lending, the People’s Bank of China has pumped out trillions of yuan in liquidity by repeatedly cutting banks’ reserve requirement ratios since early 2018.
China has also trimmed its new loan rate three times since it became the official lending benchmark in August, and analysts expected further modest cuts in coming quarters as economic growth plumbs near 30-year lows. That will give a strong boost to total social financing , China’s broadest measure of credit and liquidity. It is expected to surge to 1.5 trillion yuan from 618.9 billion yuan in October.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China November services sector activity rises to seven-month high: Caixin PMIChina's services sector accelerated to a seven-month high, restoring a touch of optimism over the world's second-largest economy
Leer más »
‘Made In China’ Tariffs Rising December 15 Might Be BankableEvery Asian trading desk was in sell mode on Tuesday after Commerce Secretary Wilbur Ross said the December 15 tariff schedule is still active unless the phase 1 trade deal gets signed within the next 2 weeks
Leer más »
Dow jumps 200 points amid renewed optimism over U.S.-China trade talksU.S. stocks open higher Wednesday morning as investors take cheer from a report that Beijing and Washington are still working toward a phase one trade deal,...
Leer más »
Forget Trump's rhetoric, phase 1 of a trade deal with China is reportedly close after allBloomberg reported that the US and China are close to an agreement on the specifics of tariff relief before they are set to rise on December 15.
Leer más »
Long focused on Russia, NATO widens gaze toward ChinaSeventy years since its Cold War-era founding as a transatlantic alliance focuse...
Leer más »