China’s bank loans to industrial, infrastructure sectors grew fast in Q1, loans for real estate development fell on year – PBOC data

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Key points:

  • China's bank loans to industrial and infrastructure investment grew rapidly in Q1
  • Outstanding bank loans for real estate development declined on year in Q1; new loans for the real estate development in Q1 higher than the previous quarter
  • Bank loans for small businesses, technology innovation and carbon reduction jumped

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