Chinese bank deposits exceed loans by $6.5tn as caution prevails

Gap is largest since 1997, with spending sinking under cloudy economic forecasts

20220111N Bank of China

A woman walks past a Bank of China branch in Shanghai.

IORI KAWATE, Nikkei staff writer

BEIJING -- Money in China is stuck in banks, with the gap between deposits and loans hitting the highest on record at the end of last year amid an uncertain economic outlook.

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