China bank loans rise less than expected in August after July slump

BEIJING, Sept 14 (Reuters) – China’s new bank loans returned to positive territory in August but fell well short of analysts’ forecasts after a record contraction in July, as weak demand from the household and corporate sectors continue to weigh on credit growth.

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Chinese banks extended 60 billion yuan ($8.95 billion) in new loans last month, bouncing back from a 340 billion yuan contraction in July, according to Reuters calculations based on data from the People’s Bank of China (PBOC) on Monday.

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Analysts polled by Reuters had expected new yuan loans in August would rebound to 400 billion yuan, but still well off 590 billion yuan a year earlier.

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($1 = 6.7069 Chinese yuan renminbi)

(Reporting by Kevin Yao and Shi Bu; Editing by Alexandra Hudson)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published September 14, 2026 at 5:15 AM.