中国2025年12月的贷款在公司需求和刺激的驱动下,达到9100亿元,但家庭借贷仍然疲软。 China's December 2025 loans hit 910 billion yuan, driven by corporate demand and stimulus, but household borrowing remains weak.

中国新银行贷款在2025年12月达到9100亿元,超过预测,表明政府刺激驱动的信贷需求出现回升,尽管家庭贷款继续下降。 New bank loans in China reached 910 billion yuan in December 2025, surpassing forecasts and signaling a rebound in credit demand driven by government stimulus, though household loans continued to decline. 公司贷款急剧上升,而2025年全年贷款额达到16.27万亿元,是2018年以来最低的,反映了借贷需求疲软。 Corporate lending rose sharply, while the full-year 2025 loan volume hit 16.27 trillion yuan—the lowest since 2018—reflecting weak borrowing demand. M2货币供应年同比增长8.5%,高于预期,中央银行从1月19日起削减了结构性工具的利率。 M2 money supply grew 8.5% year-on-year, above expectations, and the central bank cut interest rates on structural tools effective January 19. 尽管创纪录的1.2万亿美元贸易顺差,恢复消费和财产市场的挑战依然存在。 Despite a record $1.2 trillion trade surplus, challenges in reviving consumption and the property market persist.