China bank lending up in 2014 as govt seeks credit boost
Shanghai (AFP) Jan 15, 2015 - China's bank lending rose to $1.60 trillion in 2014, the central bank said Thursday, as the government sought to loosen credit to spur faltering growth in the world's second-largest economy. Domestic banks made new loans of 9.78 trillion yuan ($1.60 trillion) last year, the People's Bank of China (PBoC) said in a statement. The figure represented year-on-year growth of 10.0 percent from ... more
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