China's yuan loans surged in 2024, yet December figures beat forecasts, complicating economic recovery efforts.

In 2024, China reported a rise in yuan loans by 18.09 trillion yuan, about 2.52 trillion USD, with a 7.3% increase in M2, a broad money supply measure. Despite this, new yuan loans in December surpassed expectations at 990 billion yuan, though the total annual loan increase was lower than 2023's record. This mixed financial data may affect Beijing's efforts to boost domestic demand.

2 months ago
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