- Prior +6.8%
- New yuan loans ¥0.5 trillion
- Prior ¥1.59 trillion
This brings the year-to-date total for new yuan loans to ¥16.52 trillion, with the October estimate coming in slightly lower than the expected figure of ¥0.7 trillion. Broad money growth is seen rebounding on a year-on-year basis but China will be hoping to translate that to stronger credit demand next year, alongside further monetary policy easing measures.
This article was written by Justin Low at www.forexlive.com.
