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China's new loans reach 2.6t yuan in Q1

(Xinhua)
Updated: 2010-04-12 17:22
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China's new yuan-denominated lending in March slump to 510.7 billion yuan ($74.8 billion) from February's 700.1 billion yuan , the People's Bank of China, the 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.