China Bank Lending Halves In February From January - Presented by: The Aol. On Network

China's bank lending halved in February from January, the government said Monday, amid worries over a near-default on a financial product structured by the risky trust sector. Domestic banks extended 644.5 billion yuan, or $105.0 billion in new loans last month, up 24.5 billion yuan from the same month last year. But new loans had reached a huge 1.3 trillion yuan in January.



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