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China’s credit growth slowed down in February after previous record rise

China's money supply and aggregate financing grew at a much slower pace in February, after the credit growth hit a record in the previous month, in part due to seasonal factors.

Chinese banks extended 885.8 billion yuan in net new yuan loans in February, according to data released by the People’s Bank of China (PBOC) on Sunday. That's compared to 3.23 trillion yuan January and missed analysts expectation of 950 billion yuan.

But February’s tally was still 5.5 per cent higher than 839.3 billion yuan a year earlier.

Outstanding yuan loans grew . . .

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