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APR 11, 2013 - Business Insider

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We May Have Seen The Peak Of Easy Credit Conditions In China

New loans rose by 1.06 trillion yuan in March, compared with 620 billion yuan in February. This was above expectations for an increase of 900 billion yuan.  Total social financing (TSF) which includes trust loans, entrusted loans, FX loans, bankers’ acceptance bills, corporate bonds, and non-financial stock sales – surged to 2.54 trillion yuan in March. This was up from 1.07 trillion yuan the previous month.  M2, the broad measure of money supply, beat expectations, rising 15.7 percent. Meanwhile, Chinese FX reserves rose by $130 billion to $3.44 trillion in Q1. The ... Read More

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