China Jan new loans surge to record 2.9 trln yuan, blow past forecasts

By Kevin Yao and Fang Cheng BEIJING, Feb 12 : China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks. While Chinese banks tend to front-load […]