2 years ago

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New bank lending in China surged considerably in August, quadrupling from the figures recorded in July. This development comes as the central bank implements strategies to bolster economic growth in the face of diminished demand both nationally and globally. The swift uptick is seen as a sign of economic stabilization with credits extended reaching up to 1.36 trillion yuan, significantly more than the projections made by experts polled by Reuters. Furthermore, the injection of policy measures seems to have rejuvenated the property sector, a vital cog in the machine that drives the world's second-largest economy. Alongside, there's a notable rebound in the real estate market, although industry insiders advise caution before forming any conclusions, given the current sluggish pace of new home sales in major cities. As the government unveils a series of policy maneuvers to stimulate housing demand, analysts anticipate further rate cuts and adjustments to the banks' reserve requirement ratio (RRR) in the imminent future. A glimpse into the monetary indicators reveals a moderate growth in the broad M2 money supply, albeit slightly lower than expectations, and a steady increase in the annual growth rate of outstanding yuan loans. #ChinaEconomy #Bank #china #invest #investor #stocks

Timestamps:
Credit and Debt in China 0:00
Export and Imports Indications 6:19
Seeking Alpha 13:05

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