News X
14 Feb 2017
China New Loans
Economy
Chinese banks issued 2,030 billion yuan of new loans in January, up from 1,040 billion yuan in December and the second highest total on record, according to the People’s Bank of China. The all-time high, of 2,510 billion yuan, was achieved in January 2016. Bank lending in China traditionally spikes at the start of the year following the renewing of credit quotas.