China May New Local Currency Loans 667.4b Yuan; Est. 815b Yuan
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China’s new local-currency lending was 667.4 billion yuan in May and M2 money supply climbed 15.8 percent from a year earlier, the People’s Bank of China said on its website.
Aggregate financing in the month was 1.19 trillion yuan, the central bank said today, compared with 1.75 trillion yuan in April.