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China’s credit growth picks up sharply in November after government stimulus measures

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China’s credit growth picked up sharply from October’s slump, with banks lending more than expected. Analysts say the governments strengthening of counter-cyclical adjustments has started to support economic growth.

Chinese banks extended 1.39 trillion yuan in new yuan loans last month, according to data released by the People’s Bank of China on Tuesday.

Analysts had predicted new yuan loans would rebound to 1.2 trillion yuan in November, from 661 . . .

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