Tagged: China

Chinese Loan and $103 Billion Lending

Chinese banks extended new local currency loans of an estimated 700 billion Yuan ($103 billion) inJuly. The estimate was made after sources said China’s four biggeststate-owned banks, including Industrial and Commercial Bank ofChina, lent...

China becomes second largest economy: FX Chief

China has surpassed Japan to become second largest economy of the world. Unprecedented growth of Chinese economy in past 30 years has made this country the true economic superpower of the world. Rampant growth...

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