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'Big Six' loans support Chinese economy
China's "Big Six" State-owned commercial banks measured by assets have announced a surge in loans to customers across the board in the first three quarters of this year, amid strengthened efforts to stabilize the overall economy. "In pursuing economic growth, we must continue to focus on the real economy," said the report to the 20th National Congress of the Communist Party of China, delivered on Sunday. In response, large State-owned commercial banks said they will further increase support for the real economy in their next steps. Industrial and Commercial Bank of China has introduced a series of measures and policy ... (full story)