New bank loans in China are expected to have dropped in April after a rebound in March, a Reuters poll showed, as the central bank continues with policy normalisation as economy quickly recovers, while maintains support for smaller firms.
Chinese banks are estimated to have issued 1.6 trillion yuan in net new yuan loans last month, down from 2.73 trillion yuan in March, according to the median estimate in the survey of 19 economists.That would be slightly lower than 1.7 trillion yuan issued the same month a year earlier. China's credit growths are being closely watched by investors who are increasingly worried about policy tightening as Beijing looks to exit from emergency measures now that the economy is quickly regaining traction.
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