Chinese banks extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan, according to data released by the People’s Bank of China (PBOC) on Thursday. Photo: AP
China credit slowdown ‘happening faster than expected’ even as bank loans rise
2021-06-11T06:00:00-04:00June 11th, 2021|
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