Economic data declined across the board, with social financing in April hitting a two-year low, and both corporate and household loan demand contracting. Sources familiar with the matter revealed that the People's Bank of China has instructed banks to increase lending.
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Economic data declined across the board, with social financing in April hitting a two-year low, and both corporate and household loan demand contracting. Sources familiar with the matter revealed that the People's Bank of China has instructed banks to increase lending.