China s new loans reach 2.6 trillion yuan in first quarter
China s new yuan-denominated lending in March slump to 510.7 billion yuan (74.8 billion U.S. dollars) from February s 700.1 billion yuan, the People s Bank of China, the central bank, said.
The March figure brought new yuan-denominated loans in the first quarter to 2.6 trillion yuan, 1.98 trillion yuan less than the corresponding period of last year.
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