News Snapshot:
China's real economy saw stable growth in effective capital supply in the first half of the year as banks stepped up credit support, an official from the China Banking and Insurance Regulatory Commission (CBIRC) said on Friday. Yuan loans increased by 13.68 trillion yuan (about 2 trillion U.S. dollars) in the January-June period, up 919.2 billion yuan from a year ago, the official told a press briefing. More lending was directed to small firms and manufacturing. Outstanding inclusive loans to micro and small firms increased 22.64 percent year on year to 21.77 trillion yuan at the end of June, and...
