China bank lending grew more-than-expected in June on borrowing demand from corporates after the easing of pandemic-related restrictions, data from the Peoples Bank of China revealed. Banks extended CNY 2.8 trillion in new yuan loans in June. Total social financing, a broad measure of credit and liquidity in the economy, rose to CNY 5.2 trillion from CNY 2.8 trillion. Outstanding loans grew 11.2 percent on a yearly basis in June, following an 11.0 percent rise in May. Powered by Commodity Insights
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