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China’s personal loans start rebounding in May, home mortgage loans rise significantly

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

Chinese bank's new personal loans including credit card loans and consumer loans shows signs of improvement in May as the economy activity recovers for a coronavirus lockdown. In particular, home mortgage loans in some regions have recovered to pre-coronavirus levels.

A person from a large state-bank told Yuan Talks that "our new credit card loans increased in May from the previous month, but the gain was moderate. We expect credit card loan volume to . . .

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