Chinese bank lending brakes sharply in October as Beijing reaffirms zero-Covid

11.11.2022

Bank lending in the People's Republic of China plumbed its lowest level in five years last month amid ongoing Covid-19 restrictions and a slump in mortgage demand.

According to the country's central bank, lending fell to 615bn yuan (£74.6bn) in October, down from 2.5trn yuan during the month before and the...