7c7162f68332dabbf0dc1da6bc84dcf500ee6325

China bank lending slowed in April: central bank

Chinese bank lending is slowing, highlighting a slowing economyChina’s bank lending slowed in April from the previous month, the central bank said Wednesday, reflecting slowing growth in the world’s second-largest economy. Domestic banks extended new loans of 707.9 billion yuan ($115.9 billion), the People’s Bank of China (PBoC) said in a statement, down from 1.18 trillion yuan in March. China’s economy expanded 7.0 percent year-on-year in the first quarter, slumping to a post global financial crisis low, even as Beijing took steps to bolster growth. “Weak social financing will intensify downward pressure on the real economy and further (monetary) loosening is unavoidable,” China Merchants Bank analyst Liu Dongliang said in a research note.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article