China's credit growth slowed sharply in February, bolstering hopes for more monetary easing in near term

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China's new bank loans declined sharply in February from the previous month and broad credit expansion slowed significantly, bolstering hopes that the central bank will introduce more monetary easing measures in the near term to support the slowing economy.

Chinese banks extended 1.23 trillion yuan ($195 billion) of new yuan loans last month, according to data released by the People's Bank of China (PBOC) on Friday, sliding sharply by nearly 70% from . . .

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