China’s new bank loans hit record US$3.1 trillion in 2021, more than B…


New bank lending in China fell more than expected in December from the past month, but lending for the complete year of 2021 set a record, as the central bank maintained policy sustain to cushion the slowing economy.Chinese edges extended 1.13 trillion yuan (US$177 billion) in new yuan loans in December, down from 1.27 trillion yuan in November and falling short of analysts’ expectations, according to data released by the People’s Bank of China on Wednesday.Analysts polled by Reuters had…

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