Tuesday 22 May 2018
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4 months ago

China’s new loans halved in December after record year

China s bank lending halved in December as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny. Chinese banks extended 584.4 billion yuan (US$90 billion) in December, data from the People s Bank of China (PBOC) showed on Friday, well below analysts expectations of 1 trillion yuan and sharply down from November s 1.12 trillion yuan. But they lent a record 13.53...

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