Deleveraging eases loan growth
By Gao Changxin in Shanghai | China Daily | Updated: 2013-11-12 08:12
Banks extend 506b yuan of new loans in Oct
New loans grew at the slowest pace in 10 months in October amid government efforts to deleverage and restructure the economy.
The deceleration was reported by the central bank on Monday as the country's top leaders held a meeting in Beijing that's expected to yield a new economic path for the nation.
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