China bank lending slows more than expected in April, raising concerns about economic outlook

China’s new bank lending slowed more than expected in April, triggering new concerns over the country’s economic outlook and prompting fresh calls for further monetary easing against the backdrop of heightened trade tensions with the United States.Banks made 1.02 trillion yuan (US$150 billion) of new yuan loans in April, lower than market expectations for 1.2 trillion yuan in loans and the 1.69 trillion yuan in new lending in March, according to data released by the People’s Bank of China (PBOC…

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