China April new bank loans fall less than expected, more easing on cards

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.Further monetary easing steps are also expected as the central bank has pledged to keep liquidity ample and lower borrowing costs, although Beijing is likely to rely on fiscal stimulus to revive growth.Chinese banks extended 1.7 trillion yuan ($240.05 billion) in new..