Tue, 05 Jun 2012 07:12:30 GMT
China's new loans increased in May
China's financial institutions increased lending to 700 billion Yuan in May, reported China Securities Journal. However, in April, new loans issued in China dropped from 1.01 trillion Yuan to 681 billion Yuan prompting the policymakers to facilitate new loan approvals. Experts claim new loans are likely to continue growing and may approach 2.4 trillion Yuan by the end of Q2