According to the People's Bank of China (PBOC), in January-April of this year, new aggregate social financing in China, representing a broad measure of lending and liquidity in the country, amounted to 15.45 trillion yuan (2.3 trillion US dollars), which is 893 billion yuan (130.6 billion US dollars) less than in the previous year. the same period last year.
During this period, the volume of new Chinese foreign currency loans in China amounted to 8.59 trillion yuan ($1.3 trillion), which is a decrease from 10.06 trillion yuan recorded in the same period last year.
In April alone, new Chinese foreign currency loans in China recorded a rare negative value, with a net decrease of 10 billion yuan, marking the second time in a month that negative growth has occurred since July 2025 (when loans decreased by 50 billion yuan) and was an extremely rare occurrence in history. This signaled continued weak consumer spending and demand for business loans. In particular, the correction in the real estate sector continued, which will continue to have a negative impact on the metallurgical industry.
