Chinese Banks Lent 560b Yuan in June-Shanghai Metals Market

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Chinese Banks Lent 560b Yuan in June

Data Analysis 01:43:44PM Jul 07, 2010 Source:SMM

BEIJING, July 7 --  Chinese banks issued about 560 billion yuan ($82.6 billion) in new local-currency loans in June, down from 639.4 billion yuan a month earlier, 21st Century Business Herald reported on Wednesday, citing an unnamed banking source.

That number, which is broadly in line with market expectations, showed that the government was successfully pacing lending evenly over the course of the year, the newspaper added.
 

Chinese Banks Lent 560b Yuan in June

Data Analysis 01:43:44PM Jul 07, 2010 Source:SMM

BEIJING, July 7 --  Chinese banks issued about 560 billion yuan ($82.6 billion) in new local-currency loans in June, down from 639.4 billion yuan a month earlier, 21st Century Business Herald reported on Wednesday, citing an unnamed banking source.

That number, which is broadly in line with market expectations, showed that the government was successfully pacing lending evenly over the course of the year, the newspaper added.