14-07-2015
Banks on the mainland have ramped up lending as part of government efforts to stem a deepening slowdown in the country's economy.
Banks made a total of 1.27 trillion yuan worth of new loans in June - up from 900 billion in May. The latest figure exceeded market expectations. The rise will boost overall money supply in the economy by about 11 percent.
The country's foreign exchange reserves, the world's largest, stood at US$3.69 trillion at the end of June - down for eight consecutive months and to the lowest level since September 2013.
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