China Aug new loans 702.5 bln yuan, in line with forecast

Chinese banks made 702.5 billion yuan ($114.55 billion) worth of new loans in August, quickening from the previous month and matching expectations, central bank data showed on Friday. Economists polled by Reuters had expected new loans totaling 700 billion yuan in August, up from 385.2 billion yu…

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China Aug new loans 702.5 bln yuan, in line with forecast