The value of new yuan loans provided by the Chinese banks went up to CNY 1500 billion in May of 2021 from CNY 1470 billion in April, beating market forecasts of CNY 1410 billion. Figures compare with CNY 1480 billion a year earlier. M2 money supply grew 8.3% yoy, above 8.1% in April and forecasts of 8.1%. Outstanding yuan loans grew an annual 12.2%, matching forecasts and below 12.3% in April. The PBoC is trying to normalise policy by reducing pandemic-driven stimulus and contain debt as the economy rebounds from the coronavirus-hit. China's policymakers are close to setting an average annual economic growth target of around 5% for the next five years, at the lower end of ranges previously considered as global risks cloud the outlook, Reuters reported citing policy sources. source: People's Bank of China
Banks Balance Sheet in China averaged 810.18 CNY Billion from 2004 until 2021, reaching an all time high of 3580 CNY Billion in January of 2021 and a record low of -32.10 CNY Billion in July of 2005. This page provides - China New Yuan Loans - actual values, historical data, forecast, chart, statistics, economic calendar and news. China New Yuan Loans - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Banks Balance Sheet in China is expected to be 1310.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Banks Balance Sheet in China to stand at 1700.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2022, according to our econometric models.