After China's new RMB loan fell to the low point since July, the scale of credit in August expanded, showing that the Chinese economy and financial markets are stabilizing after the sharp decline in the Chinese economy and financial markets.
However, the scholars reminded that the data of only one month is not enough to constitute the research and judgment of the Chinese economy bottoming back.
The August financial data released by the People's Bank of China on Monday (September 11) showed that the new loan was 1.36 trillion yuan (RMB, the same below, the same, the new $ 256.5 billion) in the month, an increase of 86.8 billion yuan year -on -year, which was better than market expectations.
As the central bank is rare to release the above data before the stock market close, it directly stimulates the Chinese stock market.The Shanghai Index closed up 0.8%on Monday, the Shanghai and Shenzhen 300 index rose 0.7%, and the GEM increased by 1.3%.It is regarded as a foreign investment in the northbound capital of the foreign investment.
Scholars believe that the newly released data show that the Chinese economy is in the wave -style recovery stage and has positive signals, but the data is not strong and unstable.
Yao Shujie, a professor of economics at Chongqing University, analyzed in an interview with the United Morning Post that the improvement of data in August was a positive signal, but from the perspective of the volume of the Chinese economy and the previous decline.Not big.
Other data released recently also released some stable signals.In August, the Chinese residents' consumer price index (CPI) increased by 0.1%year -on -year, from negative to positive; the decline in the industrial producer's factory price index (PPI) also narrowed.
Yao Shujie added that only one month of data is not enough to constitute the judgment of the economic bottoming back; next, you should observe the performance of multiple data in the next few months, especially the service industry, retail industry, and social employment.
The data released by the central bank on Monday also showed that China's family loan growth in August was negative to positive, of which short -term loans increased by 232 billion yuan, and medium- and long -term loans increased by 160.2 billion yuan, but increased by 105.6 billion yuan year -on -year, which was at a low level.Enterprise loans increased by 948.8 billion yuan, of which the medium- and long -term loans increased by 644.4 billion yuan, but still increased by 90.9 billion yuan year -on -year.
Yi Xianrong, a professor at the Institute of Financial Wealth Management of Qingdao University in China, said in an interview that the increase in medium and long -term loans of residents shows that the growth of housing loans is extremely slow. This part of the loan does not increase, and the real estate market may be difficult to get better.
However, he also said that China's real estate favorable policy has gradually landed in the past two weeks, and the effect must be further observed, as the real estate market has undergone fundamental changes.
After the first -tier cities in China took the implementation of house recognition measures in early September, Chengdu, Hangzhou, Xiamen and other over 30 cities followed up and implemented relevant measures.The survey data from the Real Estate Consulting Institute's Mediterranean Research Institute showed that after the implementation of the policy, the nation ’s willingness to realize was increased by 15 percentage points.
As far as corporate loan data is concerned, Yi Xianrong pointed out that in the case of such low bank interest rates, the company's short -term loans and medium and long -term loans are still rarely increased year -on -year, indicating that the desire to expand its investment in enterprises is lower.
