UPDATE 1-China March new loans rebound sharply, more policy easing expected [Reuters]
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Source: Reuters
UPDATE 1-China March new loans rebound sharply, more policy easing expected - Reuters 5 Min Read (Adds details, analyst comments) * March new loans at 1.69 trln yuan vs forecast 1.2 trln yuan * March M2 money supply up 8.6 pct y/y vs forecast 8.2 pct * March TSF at 2.86 trln yuan vs forecast 1.744 trln yuan By Kevin Yao BEIJING, April 12 (Reuters) - China’s new bank loans rebounded in March, rising far more than expected, as policymakers pushed lenders to support struggling smaller companies and shore up the slowing economy. Analysts say China needs to turn around weak credit growth to head off a sharper economic slowdown this year, but there are concerns this may fuel a further rise in bad loans as banks loosen lending standards. Chinese banks extended 1.69 trillion yuan ($251.59 billion) in net new yuan loans in March, compared with analysts expectations of 1.2 trillion yuan in a Reuters poll. New lending pulled back in February due to seasonal factors after a record credit pulse in
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