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China’s credit growth expected to pick up in March

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New bank loans in China likely rebounded in March from a sharp drop the previous month and total social financing is expected to pick up buoyed by faster local government bond issuance to ramp up infrastructure investment.

Chinese banks likely extended 1.2 trillion yuan in net new loans in March, up about 7 percent from the same period a year earlier, according to a median estimate in a Reuters survey.

After a record credit surge in January, new bank . . .

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