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BEIJING, July 12 (Xinhua) -- China's new yuan-denominated loans surged in June as the government moved to buoy the slowing economy, raising concerns that fast credit growth will push up inflation.

A recent report by the China Banking Association noted that Chinese banks are increasingly turning to information services and predicted that electronic banking will only expand in China in the future.

Initial investigation showed the helicopter belonged to the Yunnan General Aviation Co., Ltd. Rescuers are searching for the missing person. Probes to the cause of the accident are underway.

Producers who fail to meet the new standards will be elbowed out of the market and those adopting better practices will remain, he said.

The two sides also exchanged views on the European economic situation, the European debt crisis, the Syrian situation and the Iran nuclear issue.