China's Total Outstanding Loans Hit 284.29 Trillion Yuan as of End of April, Up 5.5% YoY

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According to the People’s Bank of China, as of end of April, total outstanding loans in both yuan and foreign currency reached 284.29 trillion yuan, up 5.5% year-over-year. Outstanding yuan-denominated loans stood at 280.5 trillion yuan, rising 5.6% annually. In the first four months, yuan loans increased by 8.59 trillion yuan.

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