China Lending Plunges- Bloomberg

"New loans plunged to 355.9 billion yuan ($52 billion) in July, less than a quarter of June’s level, and may slump to 200 billion yuan in August, the Beijing-based business magazine Caijing reported yesterday without citing anyone."

 http://www.bloomberg.com/apps/news?pid=20601087&sid=asxcfpHI69.A

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