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China’s banks extended 1.7 trillion yuan of new loans in April, beating expectations

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[unable to retrieve full-text content]New bank lending in China fell less than expected in April from the previous month while growth of broad money supply quickened, as the central bank ramped up policy support for the coronavirus-ravaged economy.Chinese banks extended 1.7 trillion yuan (US0 billion) in new loans in April, down from 2.85 trillion yuan in March but exceeding expectations, according to data released by the People’s Bank of China (PBOC) on Monday.Analysts polled by Reuters had predicted new yuan loans would fall…

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[unable to retrieve full-text content]
New bank lending in China fell less than expected in April from the previous month while growth of broad money supply quickened, as the central bank ramped up policy support for the coronavirus-ravaged economy.Chinese banks extended 1.7 trillion yuan (US$240 billion) in new loans in April, down from 2.85 trillion yuan in March but exceeding expectations, according to data released by the People’s Bank of China (PBOC) on Monday.Analysts polled by Reuters had predicted new yuan loans would fall…
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