News Snapshot:
CAIRO: China’s new yuan loans are expected to fall back in July after record lending in the first half, a Reuters poll showed, but they are still likely to exceed the year earlier amount as the central bank seeks to underpin the economic recovery. Chinese banks are estimated to have issued 1.10 trillion yuan ($162.81 billion) in net new yuan loans last month, less than half the 2.81 trillion yuan in June, according to the median estimate in the survey of 23 economists. It would still be higher than the 1.08 trillion yuan issued in the same month a year...
