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China’s credit growth slows in April after previous record rise

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China's credit growth slowed significantly in April after a record expansion in the first quarter. The data comes after a slew of upbeat data points to economic stabilisation and meanwhile, a heavy credit burst earlier this year has raised concerns on a further rise in bad loans.

Chinese banks extended 1.02 trillion yuan in net new yuan loans, missing forecasts and down from 1.69 trillion yuan in March, shows data released by the People's Bank of . . .

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