China April new bank loans fall less than expected, money supply quickens
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BEIJING (Reuters) - New bank lending in China fell less than expected in April from the previous month while growth of broad money supply quickened, as the central bank ramped up policy support for the coronavirus-ravaged economy.Chinese banks extended 1.7 trillion yuan ($240.05 billion) in new local-currency loans in April, down from 2.85 trillion yuan in March but exceeding expectations, according to data released by the People's Bank of China on Monday.Analysts polled by Reuters had..