New yuan loans

CHINA’S new yuan loans and social financing may stay elevated in May as the country stepped up credit support to inject liquidity into the real economy, analysts predicted.

As banks accelerated credit supplies, new yuan loans may reach around 1.5 trillion yuan (US$211.6 billion) for last month, the China Securities Journal reported, citing a forecast by Hua Changchun, chief economist with Guotai Junan Securities.

Home prices

HOME prices in 100 Chinese cities saw a slight increase in May, an industrial report showed.

Among the 100 surveyed cities, average new home prices increased 0.31 percent to 15,280 yuan per square meter in May from April, according to the China Index Academy, a property research institution.

Auto sales

CHINA’S auto sales in May are estimated to reach 2.14 million units, up 11.7 percent year on year, indicating a growth for two consecutive months, the China Association of Automobile Manufacturers said.

In April, China’s auto sales saw a 4.4 percent growth.