China's New Loans Should Reach USD2.8 Trillion This Year, PBOC Chief Says
Xu Wei
DATE:  Jun 18 2020
/ SOURCE:  Yicai
China's New Loans Should Reach USD2.8 Trillion This Year, PBOC Chief Says China's New Loans Should Reach USD2.8 Trillion This Year, PBOC Chief Says

(Yicai Global) June 18 -- China's new bank loans are expected to tally CNY20 trillion (USD2.8 trillion) this year amid the second half's monetary policy that should keep the financial system's liquidity reasonable and sufficient, according to the central bank governor.

China's total social financing, a broad gauge of credit and liquidity in the economy, is predicted to surpass CNY30 trillion, Yi Gang added.

Editor: Emmi Laine

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Keywords:   PBOC