SHANGHAI: China’s bank lending slumped 41.3 percent in July from the previous month, the central bank said Friday, compounding worries over the gloomy outlook for the world’s second-largest economy.
Chinese banks extended 540.1 billion yuan ($84.9 billion) in new loans in July, compared with 919.8 billion yuan in June, the People’s Bank of China said in a statement.
The lending figure is well below a median...
