China's Sept new bank lending jumps less than expected

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BEIJING - China's new bank loans came in softer than expected in September, figures from the central bank showed on Friday, even as it strives to bolster a shaky economic recovery amid tepid demand.

Household loans, including mortgages, rose to 858.5 billion yuan from 392.2 billion in August. Corporate loans climbed to 1.68 trillion yuan from 948.8 billion in August. Some analysts, unnerved by a prolonged property slump and weak consumer spending, are still not convinced China will be able to meet its annual growth target of about 5%, despite signs of stabilising.

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SaltWire Network /  🏆 45. in CA

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