China’s October Financial Data Spell More Economic Woes: Analysts

A woman walks past the headquarters of the People's Bank of China, the country's central bank, in Beijing on July 9, 2024. Adek Berry/AFP via Getty Images

China’s financial figures for October indicate that its economic slowdown may continue into 2025, market analysts said.

According to data released this week by China’s central bank, new bank loans fell sharply in October, while outstanding total social financing—which measures the flow of credit from the financial market into the real economy—slowed to a record low.