bank loans

China’s July bank loans post record contraction on weak demand

China's new yuan loans contracted by 340 billion yuan ($50.4 billion) in July, marking the worst monthly decline on record and far exceeding forecasts, as weak borrowing demand from households and businesses underscored the persistent challenges facing the world's second-largest…

China’s June bank loans miss forecasts despite tripling from May

Chinese banks extended 1.61 trillion yuan ($237.9 billion) in new loans in June, more than tripling May's 520 billion yuan but falling well short of the roughly 2 trillion yuan analysts had expected, according to People's Bank of China data…