China's new loans increased in May

Note: This section contains information in English only.
Source: Marketwatch
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 due to faster approvals of investment projects funded by banks.


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