New loans increased by CNY 285.9bn in July.

By bne IntelliNews July 17, 2012
China's new yuan-denominated loans increased by CNY 285.9bn recording CNY 919.8bn in June this year. As reported by Xinhua China Money, the country's new yuan-denominated loans grew during the period as the government moved to sustain the easing economy, increasing concerns that fast credit growth would accelerate inflation. The new yuan-denominated loans reached a three-month high during the period, after registering CNY 1.01trn in March.

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