BEIJING Chinese banks doled out more loans in May to support the slowing economy hurt by a trade war with the United States, with further policy easing likely even amid accelerating consumer inflation.
* May new loans at 1.18 trln yuan vs forecast 1.225 trln
BEIJING China said on Monday it would impose higher tariffs on most U.S. imports on a revised $60 billion (46 billion pounds) target list, hitting back at a tariff hike by Washington on $200 billion of Chinese goods in a further escalation of a bitter trade war.
BEIJING China's factory-gate inflation in April quickened at its fastest pace in four months, buoyed by higher commodity prices and a sign demand may be starting to perk up as Beijing rolls out more stimulus.
BEIJING China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.
Peking Trotz eines überraschend guten Starts ins Jahr steuert Chinas Wirtschaft auf das schwächste Wachstum seit drei Jahrzehnten zu.
BEIJING New home prices in China grew slightly faster in March after growth slowed the previous month, putting a floor under the cooling market, as Beijing rolled out stimulus to boost the economy.
BEIJING China's economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed on Friday, as sluggish demand at home and abroad weigh on activity despite a flurry of policy support measures.
BEIJING China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. | Video