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China’s credit growth faster than expected in September amid further stimulus and stronger demand

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China’s credit expanded at a faster pace in September, boosted by the government's continued efforts to add stimulus and stronger demand amid further economic recovery.

Chinese banks extended 1.9 trillion yuan of new loans in September, higher than estimates of 1.7 trillion yuan in a Bloomberg survey and significantly more than 1.277 trillion in the previous month, according to data released by the People's Bank of China (PBOC) on Wednesday.

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