AI Data Insight
Latest data shows that cumulative new loans by Chinese financial institutions reached 10,380 billion RMB in the first 7 months of 2026. The decline compared to the previous figure indicates that new loans in July alone recorded a negative growth of -340 billion RMB. This data highlights the grim reality of household deleveraging and weak corporate financing demand. Consequently, market expectations for further easing and interest rate cuts by the central bank in the second half of the year are surging significantly.