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New loans soar in Q1
By Zhang Ran (chinadaily.com.cn)
Updated: 2009-04-11 13:07 Chinese banks issued a total of 4.58 trillion yuan in new loans in the first quarter, 3.25 trillion yuan more than that of the same period of last year, the central bank said on Saturday.
Analysts said China's new yuan loans would continue to be at high levels in the coming months as the country pulls out all stops to boost the economy. New yuan loans in the first quarter are close to the government target of at least 5 trillion yuan for the whole of this year. (For more biz stories, please visit Industries)
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