Economy
China's new loans hit $74.8 billion in Q1
(Xinhua)
Updated: 2010-04-12 17:19
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BEIJING: China's new yuan-denominated lending in March slump to 510.7 billion yuan (US$74.8 billion) from February's 700 billion yuan, the People's Bank of China, the country's central bank, said Monday.
The March figure brought new yuan-denominated loans in the first quarter to 2.6 trillion yuan, 1.98 trillion yuan less than the corresponding period of last year.
