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China March new bank loans jump to 3.13 trln yuan, beat forecast
Chinese banks extended 3.13 trillion yuan ($492 billion) in new yuan loans in March, up sharply from February and exceeding analyst expectations. Analysts polled by Reuters had predicted new yuan loans would rise to 2.68 trillion yuan in March from 1.23 trillion yuan the previous month and against 2.73 trillion yuan a year earlier.Broad M2 money supply grew 9.7per cent from a year earlier, central bank data showed on Monday, above estimates of 9.2per cent forecast in the Reuters poll. M2 grew 9.2per cent in February from a year ago. Outstanding yuan loans grew 11.4per cent in March from a year earlier compared with ... (full story)