UPDATE 1-China March new loans surge to $405 bln as coronavirus stimulus kicks in
New bank lending in China
climbed to 2.85 trillion yuan ($405 billion) in March, with
total social financing hitting a record, as the central bank
pumped in more liquidity and cut funding costs to support the
coronavirus-ravaged economy.
climbed to 2.85 trillion yuan ($405 billion) in March, with
total social financing hitting a record, as the central bank
pumped in more liquidity and cut funding costs to support the
coronavirus-ravaged economy.
Posted by Reuters
