China new bank loans miss forecasts

Note: This section contains information in English only.
Source: Reuters
China's banks expanded new local-currency loans to 540.1 billion yuan in July, the central bank reported on Friday, notably below economists' estimates of 690 billion yuan. The M2 money supply surged 13.9% on year in July, according to the People's Bank of China. Outstanding yuan loans posted a 16.0% year-on-year rise.

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