Chinese lenders ' household loans surged more than 50 % to CNY202.8bn ( $ 30.7bn ) YoY in November , according to the People 's Bank of China . it’s cheap in terms of capital and in terms of provision,” said Alicia García Herrero, chief economist for Asia Pacific at Natixis. The data emerges as authorities try to clamp down on shadow banking in the country . Household loans demand is expected to continue rising this year , with households predicting the proportion of total loans they can qualify for will rise 25 % .
Chinese lenders ' household loans surged more than 50 % to CNY202.8bn ( $ 30.7bn ) YoY in November , according to the People 's Bank of China . The data emerges as authorities try to clamp down on shadow banking in the country . Household loans demand is expected to continue rising this year , with households predicting the proportion of total loans they can qualify for will rise 25 % .