Cen­tral bank to re­lease data on Q2 credit growth

China Daily (Hong Kong) - - PAGE TWO -

On Wed­nes­day, the Peo­ple’s Bank of China will re­lease data on credit growth in the sec­ond quar­ter. In the first quar­ter, the coun­try’s banks ex­tended 4.22 tril­lion yuan ($620 bil­lion) in new yuan loans, down from 4.61 tril­lion yuan in the same pe­riod last year. A slow­down in credit ex­pan­sion means the econ­omy is grow­ing at a slower pace.

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