World Economy

China Bank Lending Up

China Bank Lending UpChina Bank Lending Up

Chinese banks lent more in November than October, official data showed, after the country’s central bank cut interest rates late November, AFP said. A total of 852.7b yuan ($137.8b) worth of new loans were extended last month, the People’s Bank of China (PBoC) said. The figure marked an improvement from 548.3b yuan in October beating a median forecast of 650b yuan by a Wall Street Journal poll.