BEIJING: Chinese banks lent a much stronger-than expected 1.08 trillion yuan ($173.9 billion) worth of new yuan loans in June as Beijing steps up efforts to stimulate the world's second-largest economy.
Markets had expected banks to write 915 billion yuan in new loans for the month, up modestly from May.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
