BEIJING: China’s new bank loans rebounded in September after dipping in the two previous months, as policymakers rolled out measures to ensure sufficient liquidity in the financial system amid worries a trade war with the United States could hurt the economy.
The People’s Bank of China (PBoC) has cut reserve requirements for lenders four times this year, with the latest cut taking effect on Oct 15, injecting more liquidity to stimulate bank lending.
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