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China Daily | Updated: 2016-12-16 07:01
New yuan loans rise in November
China's new yuan loans rose mildly in November due to rising home mortgages and corporate borrowing, encouraged by warming signs in the economy, official figures showed. China's new yuan-denominated lending in November was 794.6 billion yuan ($115.11 billion), up from 651.3 billion yuan a month ago but lower than the 1.22 trillion yuan in September, data from the People's Bank of China showed on Wednesday. The rise was mainly attributable to lending for home purchases, which increased to 569.2 billion yuan, up from 489.1 billion yuan in October, although the government has rolled out measures to cool down overheated home sales since October.
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