• Prior +7.0%
• New yuan loans ¥1.010 trillion vs ¥1.275 trillion expected
• Prior ¥5.13 trillion

New bank lending tends to come in strongly in the first two months due to the Chinese New Year period and this year is no different. The year-to-date total from January and February is ¥6.14 trillion but it falls short compared to last year’s ¥6.37 trillion in the same period. We’ll see how things go in the months ahead as Beijing is trying to encourage more lending in order to boost economic activity.

This article was written by Justin Low at www.forexlive.com.