China's April new yuan loans seen falling, policy support in place- Reuters poll
BEIJING - China's new yuan loans likely dropped sharply in April from March due mainly to seasonal factors, a Reuters poll showed, even as the central bank keeps policy support for the economy.
China's central bank said last month that it would set up a 500-billion yuan re-lending programme to support the country's science and technology sectors. China will issue ultra-long term special treasury bonds as soon as possible and speed up the issuance of local government special bonds to maintain the necessary intensity of fiscal expenditure, it said.
Any acceleration in government bond issuance could help boost total social financing , a broad measure of credit and liquidity.
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