New bank lending predicted to slow in April

By Wang Xiaotian | China Daily | Updated: 2013-05-07 07:10

An Industrial and Commercial Bank of China Ltd branch in Huaibei, Anhui province. In the first three weeks of April, the Big Four State-owned commercial banks extended loans of 130 billion yuan ($21 billion), slower than the pace in previous months, China International Capital Corporation Ltd said in a report. Xie Zhengyi / for China Daily

New yuan loans extended by Chinese banks in April could fall to as low as 700 billion yuan ($113 billion), down from March's 1.06 trillion yuan, as economic growth falters, analysts have warned.