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News About The Global Economy
June 16, 2016
China bank lending rebounds strongly in May
Shanghai (AFP) June 15, 2016
China's bank lending rebounded strongly in May following a sharp fall in April, the central bank said Wednesday, as borrowers continued to take advantage of loosened lending standards put in place by Beijing in hopes of stimulating slowing economic growth. New loans extended by banks jumped to 985.5 billion yuan ($149.3 billion) last month, up from 555.6 billion yuan in April, the People's Bank of China (PBoC) said. The figure, which stood at 1.37 trillion yuan in March before slumping in April, ... read more

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