One minute of numbers


Economists expect that new loans in October dropped to a one-year low of 780 billion yuan ($117.59 billion) as banks restrict mortgage lending and corporates continue to shun bank loans. Despite government rhetoric about the deleveraging drive, bank lending would have to drop sharply from this year’s trend for new loans not to surpass last year’s total and reach a new high. The producer price index (PPI) is tipped to have risen 6.6 percent in October on-year, down from 6.9 percent in September when prices spiked on concerns supply would be short due to winter production restrictions. The consumer price index (CPI) meanwhile is seen up 1.8 percent on-year in October, versus 1.6 percent in September. China’s foreign exchange reserves are expected to have risen for a ninth month to $3.118 trillion in October, as capital curbs and a weakening dollar helped staunch fund outflows.

Forex: another variable handled well so far.

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