China bank lending

SHANGHAI: China’s bank lending rebounded in November from the previous month, central bank data showed on Friday, a sign of mild recovery in the world’s second-largest economy after government stimulus measures. New loans stood at 708.9 billion yuan in November, up from 513.6 billion yuan in October, the People’s Bank of China said. Separately, China’s total social financing — an alternative measure of credit in the real economy — reached 1.02 trillion yuan in November, more than doubling from 476.7 billion yuan in October. China has cut interest rate six times since November last year and lowered the amount banks need to set aside as reserves.