China's New Yuan Loans Expanded Sharply in November
China's new yuan loans expanded sharply in November, in part thanks to seasonality, but missed expectations amid continued subdued credit demand.
Chinese banks issued 390 billion yuan, equivalent to $55.26 billion, of loans last month, up from 220 billion yuan in October, according to calculations by The Wall Street Journal based on data released Friday by the People's Bank of China.
Economists surveyed by The Wall Street Journal had anticipated new yuan loans of 475 billion yuan last month.
Total social financing, a broader metric that also includes nonbank credit, stood at 2.49 trillion yuan in November, up from 810 billion yuan in October.
M2, the broadest measure of money supply, rose 8% in November from a year earlier, down from the 8.2% increase in October and falling short of the 8.1% growth expected by surveyed economists.
Write to Singapore Editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
December 12, 2025 04:50 ET (09:50 GMT)
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