China's New Loans Reach 2.6t Yuan in Q1-Shanghai Metals Market

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China's New Loans Reach 2.6t Yuan in Q1

Data Analysis 08:46:35AM Apr 13, 2010 Source:SMM

BEIJING, Apr. 13 -- China's new yuan-denominated lending in March slump to 510.7 billion yuan ($74.8 billion) from February's 700.1 billion yuan , the People's Bank of China, the central bank, said Monday.

The March figure brought new yuan-denominated loans in the first quarter to 2.6 trillion yuan, 1.98 trillion yuan less than the corresponding period of last year.
 

China's New Loans Reach 2.6t Yuan in Q1

Data Analysis 08:46:35AM Apr 13, 2010 Source:SMM

BEIJING, Apr. 13 -- China's new yuan-denominated lending in March slump to 510.7 billion yuan ($74.8 billion) from February's 700.1 billion yuan , the People's Bank of China, the central bank, said Monday.

The March figure brought new yuan-denominated loans in the first quarter to 2.6 trillion yuan, 1.98 trillion yuan less than the corresponding period of last year.