China: Yuan loans down, recovery still on track

The amount of yuan-denominated new loans from mainland lenders was lower than expected in November, but analysts said the central bank's accommodative monetary policy remained unchanged and would keep the country's economy on track for recovery.

Fresh loans last month came to 522.9 billion yuan (HK$644.1 billion), down 7.1 per cent, or 40 billion yuan, from a year earlier.

via Business feed http://www.scmp.com/business/china-business/article/1103177/china-yuan-loans-down-recovery-still-track