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China tells banks to step up credit support for economy

China tells banks to step up credit support for economy

© Reuters. FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, in Beijing, China, February 3, 2020. REUTERS/Jason Lee BEIJING (Reuters) -China’s banks should step up credit support for the economy, including expanding medium to long-term loans to support infrastructure investment, the central bank and the banking and insurance regulator said…