Chinese bank lending stumbled in November as COVID-19 outbreaks and lockdowns hampered economic activity

Dec 12 2022 by Business Insider

 
China's yuan has tumbled in recent weeks.

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Lending from Chinese banks slipped below analyst expectations in November, according to Reuters.  Banks lent out 1.27 trillion yuan against a projected 1.35 trillion.  Covid-19 outbreaks and government lockdowns are frustrating China's efforts to ramp up growth. 

New lending by Chinese banks fell below expectations in November, as China continues to contend with COVID-19 outbreaks and pushback from government...

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