China's new yuan loans dropped in December and came in below expectations.
Chinese banks issued 1.17 trillion yuan ($163.36 billion) of new loans in the month, down from a year earlier, according to data released by the central bank on Friday.
The result was lower than the CNY1.38 trillion expected by economists surveyed by The Wall Street Journal.
Total social financing, a broader measurement that also includes non-bank financing, fell to CNY1.94 trillion in December from CNY2.45 trillion in November, the People's Bank of China said.
M2, the broadest measure of money supply, rose 9.7% from a year earlier, slower than November's 10.0% growth and the 10.2% increase expected by surveyed economists.
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(END) Dow Jones Newswires
01-12-24 0519ET
