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China's new bank loans declined sharply in October from the previous month, though it beat market expectations, and the growth of M2 money supply slowed further.
Chinese banks extended 826.2 billion yuan of new loans in October, showed data released by the People’s Bank of China (PBOC) on Wednesday, sliding from 1.66 trillion yuan in September but better than expectations of 800 billion yuan in a Reuters survey. The figure was . . .
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