BEIJING, Nov 7 (Reuters) – New bank loans in China probably rose in December from the month before, a Reuters poll showed on Friday, as government stimulus measures slowly began to lift appetite for credit long suppressed by a housing slump.
Chinese banks are expected to have issued around 800 billion yuan ($114.62 billion) in net new yuan loans last month, according to the average of 19 economists’ estimates in a Reuters poll, compared to 390 billion yuan in November.
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The poll, however, showed that loan expectations were below the 990 billion yuan issued in December 2024.
The government is expected to release loans and money supply data between December 10 and December 15.
The Chinese economy could be seeing the early benefits from a 500 billion yuan policy-based financial tool that Beijing introduced in September to supplement project capital.
China’s December bank lending seen rising on government stimulus measures
