China's bank lending grows in May from April
Shanghai (AFP) June 12, 2014 - China's bank lending rose in May from the previous month, the central bank said Thursday, as the government activates a "mini-stimulus" to spur economic growth. New yuan loans extended by domestic banks hit 870.8 billion yuan ($143 billion) in May, up from 774.7 billion yuan in April, the People's Bank of China (PBoC) said in a statement. The May figure was also higher than the 733.3 bil ... more
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