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Chinese Banks Rev Up Lending to Buoy Economy in U.S. Trade Fight

Aug 13 , 2018

China is opening the lending spigots as it seeks to shore up its economy for what could be a long trade fight with the U.S.

New loans by Chinese banks totaled 1.45 trillion yuan ($211.8 billion) in July, up 75% or 623.7 billion yuan from the same period last year, according to preliminary statistics released Saturday by the China Banking and Insurance Regulatory Commission.


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