Outstanding yuan loans grew 11.8% in April from a year
earlier compared with 11.8% growth the previous month. Analysts
had predicted 12% growth.
($1 = 6.9121 Chinese yuan renminbi)
(Reporting by Qiaoyi Li, Judy Hua and Kevin Yao; Editing by Kim
Coghill)
BEIJING, May 11 (Reuters) - Chinese banks extended 718.8
billion yuan ($103.99 billion) in new yuan loans in April,
tumbling from March and sharply missing analysts' estimates.
Analysts polled by Reuters had forecast new yuan loans would
drop to 1.4 trillion yuan last month, versus 3.89 trillion yuan
in March.
Broad M2 money supply grew 12.4% in April from a year
earlier, central bank data showed on Thursday, falling short of
the Reuters poll estimate of 12.5%. M2 rose 12.7% in March.
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