Monday, January 9, 2012

China: New loans beat forecast

[ via BBC News Business ] 9 Jan

China's lending and money supply grew at a faster pace than expected as the country relaxed its credit restrictions.

New loans worth 640.5bn yuan ($101bn; £65.6bn) were issued in December, up from 562.2bn yuan in November.
Last month, the central bank cut the amount of money banks have to hold in reserve for the first time since 2008.

Read more: BBC News Business
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