China January New Bank Loans Surge to 5.13 Trillion Yuan, Beat Expectations

BEIJING (Reuters) – Chinese banks extended 5.13 trillion yuan ($706.40 billion) in new yuan loans in January, up sharply from December, outpacing analysts’ forecasts and hitting an all-time high, as the central bank looks to shore up a patchy recovery in the country’s economy. Analysts polled by …

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