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Q1 Loan Demand Up - PBOC Survey

CHINA PRESS
MNI (BEIJING)

China's loan demand index increased 19pp to 78.4 in Q1 from Q4 2022 and 6.1pp above the same period last year, according to the The Peoples' Bank of China's Bankers Survey. Demand for loans increased in most major categories, with increases in manufacturing (11.6pp), infrastructure (10.4pp), retail (10.9pp) and real estate (11.6pp) above the previous quarter. Loans to large firms were up 10.3pp, while medium enterprises rose 11.8pp and small firms increased 14pp. On monetary policy, 37.2% of bankers said it was loose – down 0.8pp – while 61% said it was moderate, up 1pp.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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