China

China new bank loans fell in July, but broad credit and liquidity growth quickened in bid to support economic recovery




New bank lending in China fell more than expected in July from the previous month, but broad credit and liquidity growth quickened as the central bank sought to support a gradual economic recovery.Chinese banks extended 992.7 billion yuan (US$142 billion) in new yuan loans in July, down sharply from 1.81 trillion yuan in June and falling short of analyst expectations, according to data released by the People’s Bank of China (PBOC) on Tuesday.Analysts polled by Reuters had predicted new yuan…



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