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Chinese banks extended ¥919B in new loans in June, up from ¥793.2B in May and against...

Chinese banks extended ¥919B in new loans in June, up from ¥793.2B in May and against expectations for ¥880B. Slowdown over, according to Credit Agricole's Dariusz Kowalczyk. "The data confirms our view that further rate cuts are not needed and thus are unlikely." Shanghai rises 0.5% amidst a big sell-off worldwide.
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