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China’s new yuan loans are expected to have rebounded in May after a sharp drop in April, a Reuters poll showed, as the central bank keeps policy accommodative to support a fragile economic recovery.
Chinese banks are estimated to have issued 1.60 trillion yuan ($225 billion) in net new yuan loans last month, more than doubling the 718.8 billion yuan in April, according to the median estimate in the survey of 27 economists.
Yet the forecast new loans would be still lower than the 1.89 trillion yuan issued in the same month a year earlier.
The loans data could be released by the People’s Bank of China anytime between now and over the next week.
China’s economy rebounded faster than expected in the first quarter but lost momentum at the beginning of the second.
