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China's financial regulators have drafted an action plan for improving the balance sheets of quality property developers in an effort to defuse financial risks to the real estate sector and assist the property market to form a virtuous cycle.
Business confidence in factory output going forward strengthened in China to a 10-month high upon expectations of waning COVID-19 disruptions even as a rise in infections dented manufacturing activity in December, a private survey said on Tuesday.
China's credit growth fell short of market expectations in November despite improvements from a month earlier, highlighting the need to launch more measures to expand credit demand and stabilize the economy, experts said on Tuesday.
On December 13, at Aodechuan Automation Technology Co., Ltd. in Zhangshu City, Jiangxi Province, the staff of Yichun Zhangshu Sub-branch of Bank of Jiangxi came to the door to promote the financial preferential policies to the person in charge of the company (middle). "Supported by the monetary and credit-side policies, the credit and social financing data in November both improved month-on-month, and the demand for credit in the real sector has picked up, but it is still at a relatively low level in history.
New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster slowing growth in the world's second-biggest economy.