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China’s credit growth picks up in September

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s credit growth picked up in September, with banks extending more loans than expected, as policymakers ramped up efforts to arrest the economy from slowing further.

Banks extended 1.69 trillion yuan of new loans in the month, compared to a projected 1.36 trillion yuan and rising from 1.21 trillion yuan in August, showed the data released by the People's Bank of China on Tuesday.

Broad M2 money supply grew 8 . . .

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