The data of the Chinese Blood Book shows that the third quarter of Chinese corporate loans has fallen sharply this year. It is expected that officials will avoid the launch of major stimulus measures to boost credit.
According to Bloomberg News on Tuesday (October 17), research institutions China Book International (CHINA BeIGE BOOK International), a survey based on more than 4,000 Chinese companies, found that from July to September this year, ChinaEnterprise loans have dropped to the second low level since 2012.
The report said that the decline in corporate loans is very significant, "it is too little compared to the outbreak of the crown disease."
The Bank of China also released the statistical data report of social financing scale in September last week.Official data show that in September, Chinese corporate loans increased by approximately 1680 billion yuan (RMB, S $ 31.44 million), an increase of 230 billion yuan year -on -year, a decrease of 12.2%, showing that corporate loans were still relatively weak.
China's brown book analyst pointed out that the Bank of China has been launching a currency easing policy this year, but its impact on credit has limited.
But analysts also said that the decline in borrowing may be the expected result of the policy. The Chinese manufacturing and service industries have improved in the third quarter.Essence
The report also pointed out that the revenue, profits and store expansion of China's retail industry in the third quarter were better than 2022, but it was stagnant compared to the second quarter of this year.
