
Credit Growth in the Chinese Mainland Accelerates in May on Fiscal Stimulus
Credit growth in the Chinese mainland accelerated in May, driven by fiscal stimulus and government bond issuance, boosting loans and money supply in early 2025.
My Global News: Voices of a New Era
🌍 Stay Ahead, Stay Global 🚀
Credit growth in the Chinese mainland accelerated in May, driven by fiscal stimulus and government bond issuance, boosting loans and money supply in early 2025.
China’s yuan-denominated loans surged by $1.86 trillion in H1 2024, driven by a booming manufacturing sector and external demand, according to central bank data.
Chinese mainland banks extended 11.14 trillion yuan in new loans in early 2024, reflecting economic growth needs and balanced credit allocation efforts.
The Chinese mainland’s yuan-denominated loans surged by ÂĄ10.19 trillion in early 2024, reflecting significant support for the real economy and growth.