Briefly

Survey: Loan demand rises in fourth quarter

China's loan demand rose in the fourth quarter of 2022, a survey of the country's bankers showed. The index gauging the overall demand for loans stood at 59.5 percent in Q4, up 0.5 percentage points compared with Q3, the People's Bank of China said, citing the result of a survey of senior management of the country's some 3,200 banking institutions. The loan demand in manufacturing, wholesale, retail, and real estate sectors all edged up in Q4, the survey revealed.

Transport investment up in Jan-Nov

China's fixed-asset investment in the transport sector maintained steady growth from January to November, official data showed. Investment in transport totaled 3.5 trillion yuan ($502 billion) in the first 11 months of 2022, rising 5.8 percent year-on-year, according to the Ministry of Transport. Investment amounting to approximately 2.6 trillion yuan was channeled into road construction, increasing 9.1 percent year-on-year. Investment in waterway development rose 10.2 percent year-on-year to 147.8 billion yuan.

Xinhua - China Daily