FOREX TradingCharts.com

Financial News: China Bank Lending Falls In April

China Bank Lending Falls In April

05/13/2022 - 09:05:00 (RTTNews)

(RTTNews) - China's bank lending declined in April as Covid lockdowns disrupted economic activity, data from the People's Bank of China showed Friday.

Banks extended CNY 645.4 billion in new yuan loans in April compared to the expected level of CNY 1.51 trillion and March's lending of CNY 3.13 trillion.

Aggregate financing totaled CNY 910.2 billion versus CNY 4.65 trillion in March.

The PBoC pinned the blame for the slowdown on virus disruptions, which have curbed demand for mortgages and private sector investment, Julian Evans-Pritchard, an economist at Capital Economics, said.

Provided that the recent improvement in the virus situation continues, that drag should start to ease this month, he noted. Nonetheless, the weak pace of lending in April will increase pressure on the PBoC to do more to support the economy.

Iris Pang, an ING economist, said lockdowns have created problems for banks in China as they have become more risk-averse. China's central bank has promised to help but it lacks a solution.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Poland Industrial Production Rises Less Than Expected, Producer Price Inflation Accelerates (50 min(s), 05 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in April, data from Statist ...Full Story»

Taiwan Export Orders Fall Unexpectedly In April (17 min(s), 05 sec(s) ago)
(RTTNews) - Taiwan's export orders declined unexpectedly in April, data from the Ministry of E ...Full Story»

Poland Average Gross Wages Increase More Than Expected (18 min(s), 05 sec(s) ago)
(RTTNews) - Poland's average gross wages increased more than expected in April, data from Stat ...Full Story»

UK Retail Sales Unexpectedly Rise Despite High Cost Of Living (23 min(s), 55 sec(s) ago)
(RTTNews) - UK retail sales grew unexpectedly in April despite consumer confidence sliding to a re ...Full Story»

Turkish Consumer Confidence Improves In May (42 min(s), 55 sec(s) ago)
(RTTNews) - Turkey's consumer confidence increased slightly in May, after falling sharply in t ...Full Story»

Swiss Industrial Production Increases In Q1 (49 min(s), 55 sec(s) ago)
(RTTNews) - Switzerland's industrial production rose in the first quarter of 2022, while const ...Full Story»

Denmark Consumer Confidence Lowest On Record (54 min(s), 55 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened to the lowest level ever recorded in May am ...Full Story»

China Cuts Lending Rates To Cushion Property Market (01 hr(s), 14 min(s), 55 sec(s) ago)
(RTTNews) - China's central bank unexpectedly lowered its lending rates for long-term loans, a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Poland Industrial Production Rises Less Than Expected, Producer Price Inflation Accelerates

05/20/2022 - 10:25 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in April, data from Statist ...Full Story>>

Poland Average Gross Wages Increase More Than Expected

05/20/2022 - 08:53 AM (RTTNews)
(RTTNews) - Poland's average gross wages increased more than expected in April, data from Stat ...Full Story>>

Taiwan Export Orders Fall Unexpectedly In April

05/20/2022 - 08:52 AM (RTTNews)
(RTTNews) - Taiwan's export orders declined unexpectedly in April, data from the Ministry of E ...Full Story>>

UK Retail Sales Unexpectedly Rise Despite High Cost Of Living

05/20/2022 - 04:11 AM (RTTNews)
(RTTNews) - UK retail sales grew unexpectedly in April despite consumer confidence sliding to a re ...Full Story>>

Turkish Consumer Confidence Improves In May

05/20/2022 - 03:52 AM (RTTNews)
(RTTNews) - Turkey's consumer confidence increased slightly in May, after falling sharply in t ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.