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China’s credit growth slowed sharply in October, new loans hit lowest in two years


China's credit growth slowed sharply in October, with new bank loans falling to the lowest level in two years in spite of a raft of measures in the past year to boost lending.

Chinese banks extended 661.3 billion yuan ($94.55 billion) in new yuan loans in October, the according to the data released by the People’s Bank of China (PBOC) on Monday.

That's sharply down from the 1.69 trillion . . .

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