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What does China’s September loan data mean for the economy and the yuan?

China’s central bank published its monthly money supply and bank lending data on Wednesday, showing the People’s Bank of China’s efforts to walk a delicate balance between facilitating an economic recovery and avoiding excessive stimulus.What was September’s monetary and credit data, and why does it matter?Banks in China extended 1.9 trillion yuan (US$283 billion) in new yuan loans in September, with banks having been instructed to help the “real economy” hit by coronavirus.The amount of loans…

Read the original article at South China Morning Post

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