In April 2018, the volume of new bank lending in China in national currency increased to 1 trillion 180 billion yuan from 1 trillion 120 billion yuan in the previous month, according to the data of the People's Bank of China. Experts had predicted a decline in the figure to 1.1 trillion yuan. The growth in the volume of new loans in annual terms was 7.3%. For the first 4 months of the year, Chinese banks issued loans at 13.5% more than a year earlier, in the amount of 6 trillion 40 billion yuan. The total amount of financing in April rose to 1 trillion 560 billion yuan from 1 trillion 332 billion in March, which was the maximum value since January 2018.