New loans in China rise more than predicted

Source: Bloomberg
The total amount of new loans in China in the national currency, yuan, reached 624.6 billion in November of this year, while economists forecasted the total sum to be around 580 billion yuan. Aggregate financing totaled 1.23 trillion yuan, while the M2 money supply surged 14.2 on the annual basis. Analysts say that increasing number of new loans in China confirms the economic recovery in the country.
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