China’s new loans rebound as PBoC focuses on growth
PBoC maintains focus on growth but possibility of reserve ratio cut in April has eased
Chinese banks extended 1.69 trillion yuan ($252 billion) in new loans in March, a sharp rebound after lending pulled back in February due to seasonal factors.
Including record credit growth in January, China added 5.81 trillion yuan of new loans in the first quarter of 2019, around 20% higher than the amount of loans added during the same period last year.
The surge in new yuan loans suggests the central bank’s easing policies are at work but the possibility remains that the People’s Bank of
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