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China March new loans rebound sharply, more policy easing expected
China’s new bank loans rebounded in March, rising far more than expected, as policymakers pushed lenders to support struggling smaller companies and shore up the slowing economy.Analysts say China needs to turn around weak credit growth to head off a sharper economic slowdown, but there are concerns that may fuel a further rise in bad loans as banks loosen lending standards. Chinese banks extended 1.69 trillion yuan ($251.59 billion) in net new yuan loans in March, compared with analysts’ expectations of 1.2 trillion yuan in a Reuters poll. New lending had pulled back in February due to seasonal factors after a ... (full story)