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China s new bank loans hit record high in January on policy support | Business News

Banks extended 4.92 trillion yuan ($683.7 billion) in new yuan loans in January, hitting a record high, up sharply from December and beating analysts' expectations, data from the People's Bank of China (PBOC) showed on Friday.

China central bank surprises markets by leaving medium-term rate unchanged, but adds liquidity

In a Reuters poll of 35 market participants conducted last week, 19 or 54.3% had expected the central bank to cut the MLF rate to help shore up the weak economy.

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