BEIJING--New loans issued by Chinese banks rebounded in November, official data showed Wednesday, continuing to boost the world's second-largest economy.
New yuan loans rose to 1.43 trillion yuan ($218.88 billion) in November, up sharply from CNY690 billion in October, the People's Bank of China said. This was lower than the CNY1.5 trillion expected by economists in a Wall Street Journal poll.
Total social financing, a broader measurement of credit that also includes loans issued by nonbank financial institutions, rose to CNY2.13 trillion last month from CNY1.42 trillion in October.
M2, the broadest measure of money supply, rose 10.7% in November from a year earlier, accelerating from the 10.5% growth in October and higher than the 10.6% increase expected by economists.
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(END) Dow Jones Newswires
12-09-20 0403ET
