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China May new yuan loans stronger than forecast, M2 slowest since mid-1990s

Reuters  |  BEIJING 

BEIJING (Reuters) - Chinese banks extended more credit than expected in May as home loans expanded even as policymakers struggled to rein in riskier borrowings without dealing a sharp blow to economic growth.As credit conditions tighten in the world's second-largest economy, borrowing costs for companies are rising. Banks are raising lending rates, including mortgage rates, and are wary of taking on more exposure to overheated sectors such as property.That trend will set the stage for a gradual slowdown in economic activity in coming months, analysts believe, though no one foresees a sharp ...

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First Published: Wed, June 14 2017. 15:42 IST