China December New Yuan Loans Seen Lower but Hitting Record in 2019: Reuters Poll

China December New Yuan Loans Seen Lower but Hitting Record in 2019: Reuters Poll
A clerk arranges bundles of 100 Chinese yuan banknotes at a branch of China Merchants Bank in Hefei, Anhui Province. Reuters
|Updated:
BEIJING—New bank loans in China likely fell in December but lending for all of 2019 still set a record, a Reuters poll showed, as the central bank eases policy to support the slowing economy.

Chinese banks are estimated to have issued 1.194 trillion yuan ($171.7 billion) in net new yuan loans last month, down from 1.39 trillion yuan in November, according to the median estimate in the survey of 31 economists.