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China’s credit growth slowed in October, new bank loans hit lowest in a year

China's credit growth slowed more than expected in October, with new bank loans hitting their lowest in a year, dragged by slower government bond sales and seasonal factors in October when businesses were shut because of public holidays.

Banks granted 689.8 billion yuan ($104.22 billion) in new yuan loans last month, showed data from the People’s Bank of China (PBOC) on Wednesday, down from 1.9 trillion yuan in September and falling short . . .

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