BEIJING, Nov 9 (Reuters) – New bank lending in China is expected to have plunged in October from the prior month, but the yuan loans are likely to be higher than a year earlier, a Reuters poll showed, as the central bank treads warily on policy easing amid stagflation concerns.
Chinese banks are estimated to have issued 800 billion yuan ($125.04 billion) in net new yuan loans last month, down from 1.66 trillion yuan in September, according to the median estimate in the survey of 26 economists.
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