China's credit growth much faster than expected, new bank loan structure improved

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China's new bank loans grew at the fastest pace since March and the overall credit expansion beat expectations, as the authorities stepped up efforts to revive the slowing economy.

Chinese banks extended 2.81 trillion yuan of new yuan loans in June, according to data released by the People’s Bank of China (PBOC) on Monday, marking the highest since March, compared to 1.88 trillion yuan in the previous month and 2.4 . . .

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