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

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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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