New loans in China exceed forecasts

Source: Bloomberg
The total volume of new loans in China topped experts' predictions and reached as much as 870.8 billion yuan or $140 billion in May of this year. Analysts waited for the indicator on a 750 billion yuan level. As the country faces significant risks of missing the growth target for 2014 at 7.5%, the government tries to support economy, expanding credit, while supervising banking sector against risks.

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