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China's new loans miss forecasts in May as property slump curbs demand
China's new bank lending rose less than expected in May after contracting the previous month, as a prolonged property downturn continued to weigh on household borrowing. China's new yuan loans rose to 520 billion yuan ($77 billion) in May, recovering from a 10 billion yuan contraction in April but missing analysts' forecasts, according to Reuters calculations based on data from the People's Bank of China.Analysts polled by Reuters had expected new yuan loans would total 550 billion yuan in May, compared with 620 billion yuan a year earlier. The PBOC does not provide monthly breakdowns. Reuters calculated the May ... (full story)
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- Jun 12, 5:51am | 5 hr ago Posted byFundamental Analysis959
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