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China’s new bank loans fell in May, but broader credit growth quickened amid policy easing

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[unable to retrieve full-text content]New bank lending in China fell more than expected in May from the previous month, but broader credit growth quickened as the central bank continues to ease policy to get the economy back on solid footing after the shock from the coronavirus crisis.Banks extended 1.48 trillion yuan (US9 billion) in new yuan loans in May, down from 1.70 trillion yuan in April and falling short of analyst expectations, according to data released by the People’s Bank of China (PBOC) on Wednesday.Analysts polled…

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[unable to retrieve full-text content]
New bank lending in China fell more than expected in May from the previous month, but broader credit growth quickened as the central bank continues to ease policy to get the economy back on solid footing after the shock from the coronavirus crisis.Banks extended 1.48 trillion yuan (US$209 billion) in new yuan loans in May, down from 1.70 trillion yuan in April and falling short of analyst expectations, according to data released by the People’s Bank of China (PBOC) on Wednesday.Analysts polled…
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