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UPDATE- China’s credit growth picks sharply in March

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's credit growth picked up sharply in March after a plunge in February, as policymakers push lenders to support struggling smaller companies and shore up the slowing economy.

Chinese banks extended 1.69 trillion yuan in new yuan loans in March, surging from 885.8 billion yuan  from February and well above the 1.2 trillion yuan expected by the market.

That brings total bank lending in the first three months of 2019 to a record quarterly tally of . . .

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