Chinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down from 1.81 trillion yuan in June. Photo: AFPChinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down from 1.81 trillion yuan in June. Photo: AFP
Chinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down from 1.81 trillion yuan in June. Photo: AFP

China new bank loans fell in July, but broad credit and liquidity growth quickened in bid to support economic recovery

  • Chinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down from 1.81 trillion yuan in June
  • Broad M2 money supply in July grew 10.7 per cent from a year earlier, central bank data showed

Topic |   China economy
Chinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down from 1.81 trillion yuan in June. Photo: AFPChinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down from 1.81 trillion yuan in June. Photo: AFP
Chinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down from 1.81 trillion yuan in June. Photo: AFP
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