Coins and banknotes of China's yuan are seen in this illustration picture taken Feb 24, 2022. REUTERS/Florence Lo/Illustration/File photo BEIJING  – China ‘s  new  bank  loans  tumble d in  July  and other key  credit  gauges also weakened, even after policymakers cut interest rates and promised to roll out more support for the faltering economy. Chinese  bank s extended 345.9 billion yuan ($47.80 billion) of  new  yuan  loans  in  July , tumbling 89 percent from June to the lowest since late 2009 and falling far short of analysts' forecasts, data from the People's  Bank  of  China  showed on Friday.

https://business.inquirer.net/415717/china-july-new-bank-loans-tumble-credit-growth-weakens-further

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