The central bank has said it will maintain a “prudent” monetary policy. Photo: AP

Chinese banks lend record amounts as government seeks to stop economic slowdown

  • Banks extended US$2.4bn in credit last year as policymakers aimed to boost loans to private sector
  • People’s Bank insists it will not ‘flood’ the banking system with cash to stimulate the economy
Topic |   China economy

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The central bank has said it will maintain a “prudent” monetary policy. Photo: AP
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