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China economy: bank loans hit record high in first quarter as authorities balance growth and debt risk

Summary:
[unable to retrieve full-text content]China’s central bank kept an accommodative policy stance in the first quarter of the year, with lending hitting a record high of 7.67 trillion yuan (US.17 trillion) as authorities weigh economic support and risk prevention in the world’s second largest economy.Quarterly lending was even higher than 7.1 trillion extended in the same period a year earlier, when Beijing unveiled its stimulus package to help combat the economic effects of the coronavirus pandemic, the People’s Bank of China (PBOC…

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[unable to retrieve full-text content]
China’s central bank kept an accommodative policy stance in the first quarter of the year, with lending hitting a record high of 7.67 trillion yuan (US$1.17 trillion) as authorities weigh economic support and risk prevention in the world’s second largest economy.Quarterly lending was even higher than 7.1 trillion extended in the same period a year earlier, when Beijing unveiled its stimulus package to help combat the economic effects of the coronavirus pandemic, the People’s Bank of China (PBOC…

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