China Posts Stronger New Loan Growth Amid Policy Push
Chinese banks are picking up the pace of lending as regulators push to pump more cash into an economy rattled by slowing growth and the intensifying trade war with the U.S.
In July banks made 1.45 trillion yuan ($211.7 billion) in net new yuan loans, an increase of 627.8 billion yuan, or 76%, from July a year ago, data from the central bank showed. Outstanding yuan loans totaled 130.6 trillion yuan by the end of July, up 13.2% from a year ago.
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