China loans rise could show government steps gain traction

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China loans rise could show government steps gain traction

Reuters – China’s bank lending in May rose more than expected, suggesting fast-tracked infrastructure projects were creating loan demand and that measures to counter a sharpening economic slowdown may be taking affect. New loans figures followed a flurry of May data at the weekend, which reinforced the view China is heading for its sixth quarter in a row of slowing growth and helping to explain a surprise interest rate cut last week – Beijing’s boldest action yet to underpin economic activity. Read Article

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