China May new yuan loans at 667 bln yuan, M2 +15.8 pct y/y

Chinese banks lent 667.4 billion yuan ($109 billion) in new local currency loans in May, missing market expectations for 850 billion yuan and lower than April’s 792.9 billion yuan, central bank data showed on Sunday. The broad M2 money supply rose 15.8 percent in May from a year earlier, the Peo…

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China May new yuan loans at 667 bln yuan, M2 +15.8 pct y/y

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