Chinas bank lending declined in April as Covid lockdowns disrupted economic activity, as per the data by the Peoples Bank of China. Banks extended CNY 645.4 billion in new yuan loans in April compared to the expected level of CNY 1.51 trillion and Marchs lending of CNY 3.13 trillion. Aggregate financing totaled CNY 910.2 billion versus CNY 4.65 trillion in March. Powered by Commodity Insights
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