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China Bank Lending Hits Record On Corporate Loans

Por: RTTNews Business February 10, 2023

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Chinese banks extended a record level of loans at the start of the year after the relaxation of pandemic related restrictions boosted demand for credit from the corporate sector, but household lending slowed. Banks extended CNY 4.9 trillion in new yuan loans in January, data released by the People's Bank of China revealed on Friday. Lending was higher than the CNY 4.0 trillion economists' had expected and December's 1.4 trillion... + full article



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