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China June new bank loans jump as Beijing steps up policy support | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
April M2 money supply +8.1% y/y, vs forecast of +9.3% Outstanding TSF +11.7% Y/Y, vs 12.3% in March TSF 1.85 trln yuan, vs forecast 2.25 trln yuan (Adds detail on slowest loan growth in nearly two decades) BEIJING, May 12 (Reuters) - China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy. The world’s second-largest economy grew by a record 18.3% in the first quarter, rebounding from last year’s coronavirus shock, driven by strong domestic consumption, surging exports and continued government support for businesses, especially smaller firms. ....
China April loans fall more than expected as central bank begins scaling back stimulus Toggle share menu Advertisement China April loans fall more than expected as central bank begins scaling back stimulus China s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy. FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon ....
China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy. The world’s second-largest economy grew by a record 18.3% in the first quarter, rebounding from . ....