China's Jan new yuan loans seen surging on policy support


The People's Bank of China (PBOC) building in Beijing, China. - Bloomberg

BEIJING: China's new yuan loans likely surged in January from the previous month as the central bank moved to shore up a patchy recovery in the world's second-largest economy.

Chinese lenders tend to front-load loans at the beginning of the year to get higher-quality customers and win market share.

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China , yuan , loan , economy , PBOC

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