Financial institutions offered 18.09 trillion yuan of new loans in 2024, according to data released by the People’s Bank of China on Tuesday. It was lower than the previous year’s volume of 22.75 ...

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representing the first annual drop in 13 years. Aggregate financing, a broad measure of credit, rose 32.26 trillion yuan, less than the 35.59 trillion yuan recorded in 2023, PBOC figures showed. Broad ...