China’s new yuan loans more than tripled in May compared with a month ago, matching the borrowing appetite in the same period last year, as a temporary trade truce between China and the United States and new government measures helped boost credit demand.
Chinese banks are estimated to have issued 850 billion yuan ($118.27 billion) in net new yuan loans last month, according to 18 economists polled by Reuters. April saw 280 billion yuan loans distributed.
The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), announced that it is chairing the Global Energy Efficiency…
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