China's New Loans Seen Slowing in October But Still Robust as Central Bank Supports Growth
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China's new yuan loans in October expected to retreat to 665 billion yuan from 2.31 trillion yuan in September, but still higher than 615.2 billion yuan a year earlier.
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October new loans seen dipping due to seasonal factors, but central bank seeking to spur growth through policy supports.
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Outstanding yuan loans in October seen rising 10.9% from a year earlier, same pace as September.
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Broad M2 money supply growth in October expected at 10.3%, unchanged from September.
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Total social financing in October projected at 1.9 trillion yuan, down sharply from 4.12 trillion yuan in September.