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China June new bank loans jump more than expected on policy support
China's new bank loans jumped more than expected in June from the previous month, helped by central bank efforts to support the economy as a post-pandemic recovery fades. Chinese banks extended 3.05 trillion yuan ($423.45 billion) in new yuan loans in June, more than double May's tally and beating analysts' forecasts, data from the central People's Bank of China showed on Tuesday. Economists polled by Reuters had predicted new yuan loans would climb to 2.34 trillion yuan last month, up from 1.36 trillion yuan in May. "Clearly, the market needs more time and information to assess the strong credit figures for the end ... (full story)