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China's PBOC Prioritizes Data Amid Loan Decline

11/13/2025

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Summary

Story summary

The People’s Bank of China says aggregate data are more important than lending for judging economic health.
The third-quarter report notes a drop in new loans; October reached 220 billion yuan.
Economic uncertainty and trade tensions have kept households and businesses borrowing cautiously.
The PBOC plans to keep policy moderately loose and boost credit support toward a 5% growth target.

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Story summary

The People’s Bank of China says aggregate data are more important than lending for judging economic health.
The third-quarter report notes a drop in new loans; October reached 220 billion yuan.
Economic uncertainty and trade tensions have kept households and businesses borrowing cautiously.
The PBOC plans to keep policy moderately loose and boost credit support toward a 5% growth target.