High injuries in China … and low bank loans

China has reported new infections with the new “Corona” virus in Wuhan, the epicenter of the epidemic. These new cases add to fears that China will be on the brink of a second wave of casualties, although deregulation continues in other parts of the country.

Five new cases were confirmed in a residential area in Wuhan, where the virus was first detected late last year, which closed four weeks ago.
Authorities also issued house insulation and travel bans in Shulan, a city of approximately 670,000 people in northeast China, after three new injuries were confirmed.
On this basis, the Wuhan authorities imposed very strict measures on travel and movement in what appeared to be a successful attempt to stop the epidemic. The shutdown has been eased in recent weeks, and authorities have said the epidemic is under control and travel to and from the city is allowed.
Local authorities said all the new cases are from the same housing complex and most of them are elderly, while an official in that area has been fired due to insufficient efforts to contain the virus.

Low bank loans
New bank loans in China fell less than expected in April compared to the previous month, while growth in the money supply accelerated as the central bank strengthened policies to support the affected economy.
Chinese banks made new loans in local currency worth 1.7 trillion yuan ($ 240.05 trillion) in April, down from 2.85 trillion in March, but exceeded expectations, according to data released by the Bank. Popular from China.
Analysts had expected in a poll by “Reuters” that new loans would drop to 1.50 trillion in April. Home loans, mainly for mortgages, also fell to 666.9 billion yuan from 989.1 billion in March. Corporate loans also fell to 956.3 billion yuan from 2.05 trillion.