China New Yuan Loans Fell in April
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Chinese new bank loans fell by 10 billion yuan ($1.5 billion) in April, indicating weak credit demand, as borrowers repaid more than banks extended. This was significantly lower than the expected 325 billion yuan. Total social financing dropped to 620 billion yuan from 5.23 trillion yuan in March. Meanwhile, M2 money supply increased by 8.6% year-on-year, slightly above the anticipated 8.5%.
Source: MorningStar The copyright of this article belongs to the original author/organization.
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