China says January lending down 28% from year ago | Bangkok Post: news

Chinese bank lending fell 28 percent in January from a year earlier, official data showed, suggesting Beijing is reluctant to open the credit valves too quickly for fear of reigniting inflation.

Chinese bank lending fell 28 percent in January from a year earlier, suggesting Beijing is reluctant to open the credit valves too quickly for fear of reigniting inflation. State-owned lenders issued 738.1 billion yuan in new loans in January, down 288.2 billion yuan from the same month last year and well short of analyst forecasts for one trillion yuan, according to the central bank.

State-owned lenders issued 738.1 billion yuan ($117.26 billion) in new loans in January, down 288.2 billion yuan from the same month last year and well short of analyst forecasts for one trillion yuan, the central bank said Friday.