The People's Bank of China (PBOC) in Beijing. — Bloomberg
BEIJING: Chinese banks extended 990 billion yuan ($135.05 billion) in new yuan loans in December, up from November and outpacing analysts' forecast as credit demand grew buoyant from the government's stimulus measures.
Twenty analysts polled by Reuters had predicted new yuan loans would rise to 800 billion yuan last month, from 580 billion yuan in November and compared with 1.17 trillion yuan a year earlier.
