China Saw Further Growth in New Yuan Lending During December
China Sees Surge in New Yuan Loans in December
In December, Chinese banks significantly increased their issuance of new yuan loans, surpassing analysts' predictions and supporting the nation's goal of approximately 5% economic growth. According to the People's Bank of China, financial institutions provided 910 billion yuan (about $130.5 billion) in new loans during the last month of 2025—a notable rise from November's 390 billion yuan.
This lending volume outpaced the 815 billion yuan anticipated by economists polled by The Wall Street Journal. Meanwhile, total social financing—which measures overall credit including nonbank sources—reached 2.21 trillion yuan in December, slightly lower than the previous month's 2.49 trillion yuan.
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