Growth in China’s new bank loans likely rebounded modestly in September after easing the two previous months, as the government sought to ensure sufficient liquidity while keeping debt risks in check, Reuters reports.
Chinese banks were estimated to have issued 1.35 trillion yuan ($196.56 billion) in net new yuan loans in September, compared to 1.28 trillion yuan in August, according to the poll that surveyed 26 analysts as of Friday.
The People’s Bank of China (PBOC) has scrambled to boost liquidity and support lending to businesses in response to the downward pressures on economic growth as trade disputes with the United States have worsened.