Pursuits
China Lending Trails Estimates as Wen Struggles to Fuel Rebound
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China’s new lending was below analysts’ estimates last month as the government struggles to reverse a slowdown in the world’s second-biggest economy.
Banks extended 623.2 billion yuan ($99.5 billion) of local-currency loans, the People’s Bank of China said on its website yesterday. That compares with the median estimate of 700 billion yuan in a Bloomberg News survey of economists.