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Asian Economy

By in Asia on August 3, 2016
ASIA • Economy
China’s new bank loans drop to lowest level in almost two years in October
November 11, 2019
New loans in China fell to their lowest level in almost two years in October with manufacturers being forced to lower their prices amid slowing economic activity.Chinese banks extended 661.3 billion yuan (US$94.5 billion) in net new loans last month, well below the 800 billion yuan (US$114 billion) of loans estimated in a Bloomberg survey, and sharply down from the 1.69 trillion yuan (US$241.5 billion) in September, according to the data released by the People’s Bank of China (PBOC) on Monday…
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