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China Sept new yuan loans rise well above forecasts to 1.22t yuan

Money supply growth edges up, indicating PBOC is keeping policy loose to support economic growth


CHINESE banks extended 1.22 trillion yuan (S$251.1 billion) in new loans in September, a three-month high and well above expectations, while money supply growth edged up, indicating the central bank is keeping policy accommodative to support economic growth.

The central...