China's Inclusive Finance Small Micro Loans Up 8.3% Year-Over-Year as of End-June, PBOC Says

According to People's Bank of China Deputy Governor Zou Lan at a State Council press conference on July 15, inclusive finance small micro loans grew 8.3% year-over-year as of end-June, while industrial medium and long-term loans increased 5.9% and service sector medium and long-term loans excluding real estate grew 9.2%. All three growth rates outpaced the overall loan growth rate.
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