New yuan loans expected to decrease to CNY 665bn in July.

By bne IntelliNews August 9, 2012
China's new yuan loans are expected to decrease to CNY 665bn in July this year, as compared to CNY 919.8bn registered in June. As reported by Dow Jones Global Equities News, the amount of new yuan loans in the country is projected to steeply decline during the period, as a result of seasonal factors, although it still robust as compared to lending in the same month of the previous two years. The country's credit demand is expected to recover due to rising investment and a warming property market, which in turn is likely to drive demand for medium and long-term loans.

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